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Page 1: edm.enterpriseinnovation.net · Web viewof Indian transport conglomerate Mahindra & Mahindra (2014 Excellence in Mergers & Acquisitions), Ernst & Young (2013 Best in Audit Services),

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Page 2: edm.enterpriseinnovation.net · Web viewof Indian transport conglomerate Mahindra & Mahindra (2014 Excellence in Mergers & Acquisitions), Ernst & Young (2013 Best in Audit Services),

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ContentsAbout The Awards 3

CFO of the Year Awards 4

CFO OF THE YEAR EXCELLENCE IN FINANCE TRANSFORMATION EXCELLENCE IN FINANCIAL PLANNING & ANALYSIS EXCELLENCE IN TECHNOLOGY

EXCELLENCE IN TALENT MANAGEMENT

Nomination Guidelines 8

Nomination Form 9

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About the Awards

Now on its fifth year, the CFO Innovation Awards honor individuals, companies and projects in APAC for innovative and transformative achievement in corporate financial management.

The Awards are divided into three categories: CFO of the Year Awards (to recognize the achievements of CFOs) Partner of the Year Awards (to recognize outstanding service providers such as

accounting firms, banks and technology companies) Editors’ Choice Awards (to recognize well-executed projects carried out by a

finance department in collaboration with service providers)

Past recipients include Geert Herman August Peeters of Hong Kong power company CLP (2015 CFO of the Year), V S Parthasarathy of Indian transport conglomerate Mahindra & Mahindra (2014 Excellence in Mergers & Acquisitions), Ernst & Young (2013 Best in Audit Services), and Accenture (2012 Best in Finance and Accounting Outsourcing).

Specifically, the objectives of the awards are:1. To recognize and celebrate individuals and service providers helping transform

financial management in Asia Pacific enterprises

2. To promote sharing and learning of strategies, best practices and technology-enabled innovation in financial management through outstanding projects by CFOs in collaboration with service providers

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CFO OF THE YEAR AWARDSDETERMINED BY JUDGING PANEL

1. CFO OF THE YEAR

Who should be nominated: CFOs of stand-alone companies, whether MNCs, regional companies or national enterprises, who are the ultimate decision-makers in financial management and who report to the CEO and the board. Regional, country and business-unit CFOs, finance directors and vice-presidents of finance who report to a higher-level CFO or FD should not be nominated for this award.

Who should submit nomination: CFOs (nominating themselves or another CFO), other finance professionals, service providers

Criteria: The CFO of the Year is a CFO who:

piloted the company to outstanding revenue and profit growth

achieved or maintained best-in-class cost of finance

transformed the finance function and the business through initiatives such as, but not limited to:

transitioning to a more powerful business model expanding the business through successful M&A (and post-merger integration)

and organic growth helping win and retain big customer accounts attaining accurate forecasting, effective planning and budgeting conducting effective risk management overseeing successful change management

Who determines the CFO of the Year: A judging panel will assess the quantitative and qualitative aspects of the nomination and other information, and select the nominee that in its judgment deserves the award.

2. EXCELLENCE IN FINANCE TRANSFORMATION

Who should be nominated: CFOs of stand-alone companies, regional, country and business-unit CFOs, finance directors and vice-presidents of finance

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Who should submit nomination: CFOs (nominating themselves or another CFO), other finance professionals, service providers

Criteria: The Excellence in Finance Transformation Award is given to a CFO who modernized the finance function in response to new expectations that finance also focus on operations and strategy. Among others, the CFO:

simplified and redesigned organizational structures and finance processes through automation and other technology innovations in a cost-effective and secure way

outsourced processes to a Shared Services Center and/or third-party BPO provider, resulting in higher satisfaction among internal clients

re-oriented the finance team towards business partnering, analytics and other value-added tasks without detracting from traditional activities such as accounting, reporting and compliance

Who determines the awardee: A judging panel will assess information in the nomination document as well as other data, and select the nominee that in its judgment deserves the award

3. EXCELLENCE IN FINANCIAL PLANNING & ANALYSIS

Who should be nominated: CFOs of stand-alone companies, regional, country and business-unit CFOs, finance directors and vice-presidents of finance

Who should submit nomination: CFOs (nominating themselves or another CFO), other finance professionals, service providers

Criteria: The Excellence in Financial Planning & Analysis Award is given to a CFO who has achieved outstanding business outcomes from developing and nurturing the FP&A function. Among others, the CFO:

adopted an FP&A structure appropriate for the company (centralized, decentralized, hybrid)

redeployed and retrained existing staff to FP&A and/or recruited and nurtured new talent for FP&A, with emphasis on business acumen, analytical capabilities and communication skills

generated insightful reports that are accepted and implemented by the business

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Who determines the awardee: A judging panel will assess information in the nomination document as well as other data, and select the nominee that in its judgment deserves the award

4. EXCELLENCE IN TECHNOLOGY

Who should be nominated: CFOs of stand-alone companies, regional, country and business-unit CFOs, finance directors and vice-presidents of finance

Who should submit nomination: CFOs (nominating themselves or another CFO), other finance professionals, service providers

Criteria: The Excellence in Technology Award is given to a CFO who has achieved outstanding business outcomes from deploying technology in finance and the wider business, such as but not limited to robotics process automation, analytics and business intelligence software, and treasury management system. Among others, the CFO:

collaborated effectively with the CIO and the IT department to select and deploy the appropriate, cost-effective and secure technology solutions in financial management

retrained existing staff and/or recruited and nurtured new talent to optimize use of the technology solutions within and outside finance

generated significant outcomes such as provision of real-time data, achieving global cash visibility, self-service analytics, and timely preparation and updating of budgets and forecasts

Who determines the awardee: A judging panel will assess information in the nomination document as well as other data, and select the nominee that in its judgment deserves the award

5. EXCELLENCE IN TALENT MANAGEMENT

Who should be nominated: CFOs of stand-alone companies, regional, country and business-unit CFOs, finance directors and vice-presidents of finance

Who should submit nomination: CFOs (nominating themselves or another CFO), other finance professionals, service providers

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Criteria: The Excellence in Talent Management is given to a CFO who has achieved outstanding business outcomes by outstanding recruitment, development and retention of a finance team that focuses on the domains of finance, operations and strategy. Among others, the CFO:

collaborated effectively with HR to assemble, nurture and retain a finance team whose size is appropriate for the company and which possesses capabilities not only for finance tasks but also to partner with operations and support the CFO on strategy issues

achieved best-in-class talent management metrics such as low attrition, high revenue and profit per full-time equivalent (FTE) and a sustainable mix of millennials, Gen X and older generations in the team

ensured smooth staff movement by deploying and nurturing succession planning and open communications with the team on external hiring into senior positions

Who determines the awardee: A judging panel will assess information in the nomination document as well as other data, and select the nominee that in its judgment deserves the award

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NOMINATION GUIDELINES1. The nomination form is at the end of this document. Please complete the nomination

form as fully as possible. All information will be kept strictly confidential and used only for the purpose of judging these awards.

2. Completed forms may be submitted via:a. Email in PDF format only to [email protected] ; orb. As hardcopy mailed to:

CFO Innovation Award NominationsQuestex Asia Limited13/F, 88 Hing Fat Street,Causeway Bay, Hong Kong

3. Nominations must be completed and submitted no later than 26 September 2016.

4. All submission queries and supplementary information should be directed to Jan Leung at [email protected].

5. The judging committees’ decision is final. All information collected during the submission will remain confidential.

6. Winners will be announced on 8 December 2016 with the awards ceremony taking place in Singapore.

For more information, please contact Cesar Bacani, Editor-in-Chief, CFO Innovation at +852 2589 1345 or email [email protected]

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NOMINATION FORMCFO OF THE YEAR AWARDSSubmission Deadline: 26 September 2016NOMINATOR INFORMATIONCONTACT PERSON NAME: Company

CONTACT TELEPHONE NO.: TITLE AS IT APPEARS ON BUSINESS CARD:

EMAIL ADDRESS (CORPORATE EMAIL ONLY – YAHOO OR GMAIL ACCOUNTS, ETC. WILL NOT BE ACCEPTED)

INFORMATION ABOUT THE NOMINEENAME:

TITLE:

COMPANY:

PHONE NO.:

EMAIL:

AWARD CATEGORY (PLEASE CHECK)

CFO of the Year

Excellence in Finance Transformation

Excellence in Financial Planning & Analysis

Excellence in Technology

Excellence in Talent Management