PwC University - Introduction to Sustainability PART II

PwC University : PwC University Introduction to Sustainability PART II, October 2010 www.pwc.com

Building better finance functions : Building better finance functions Compliance and control The well controlled organization makes more money than the poorly controlled one - the trick is to implement controls intelligently and on the basis of risk. At times of changes in AIESEC, it is essential to focus on the control implications of this change and the new financial, operational and compliance risks that the business change brings. By doing so, the reorganised processes are more resilient and sustainable.Critical to achieving all this is a change supportive AIESEC Culture. Watch the case study video: http://www.pwc.co.uk/eng/issues/lloyds_register_client_case_study.html 2 October 2010

Building better finance functions : Building better finance functions Finance Benchmarking Top performing finance functions operate at half the cost of the typical function – and are still able to deliver* In companies, CFOs find themselves facing a juggling act to achieve the right balance between three competing agendas; insight, efficiency, and compliance and control – in addition to managing and motivating their people. This is no easy challenge. However, the fact is top performing finance functions are able to operate at approximately 50% of the cost of the average function, and still find the right balance. So how are they able to do this? (10 minute brainstorming) * Based on the benchmark analysis of over 100 participating companies (largely FTSE 200 firms, but also international groups of similar size and complexity), comprising over 1700 discrete businesses, in 60 countries. 3 October 2010