To survive and thrive in today's disruptive environment, CFOs and their finance organizations must take the lead to find new paths to growth through innovation of their products, services, business processes, and business models. That was the theme of Oracle's third annual Finance Summit, held in Frankfurt, Germany on September 18, 2013 at the Frankfurt Chamber of Commerce. Over 150 senior finance executives from across Germany attended the event to hear insights and best practices from speakers such as Professor Hans-Werner Sinn, President of the IFO Institute; Mark Minne, Vice President, Controlling Systems and Processes at Deutsche Telekom AG; and Doug Kehring, Senior Vice President of Corporate Development and Strategic Planning at Oracle.
Kehring kicked off the event by describing how Oracle has thrived during thirty years of technology shifts by continuously strengthening its core database and applications businesses while identifying and investing in new paths to growth, such as its Exa-line of engineered systems and cloud offerings. He described how Oracle is using its broad portfolio of applications and cloud services to innovate rapidly and cost-effectively in key lines of business - from finance and operations to human capital management and the Customer Experience. Kehring also provided attendees with specific strategies and technologies they could employ in their own organizations to strengthen their core operations while investing in new growth areas.
Deutsche Telekom's Mark Minne focused his remarks on how his finance organization is leveraging Oracle Hyperion and Oracle Business Intelligence solutions to create a Center of Excellence for Reporting and Information Services (RISE) to standardize and centralize its reporting processes across the enterprise. Translating business insights into action is a key characteristic of a high-performing business, and Deutsche Telekom's RISE initiative stands out one of the most sophisticated in Europe.
Read more about Oracle's and Deutsche Telekom's transformational strategies and success in their keynotes below: