ICV topic of the year: Digitization & Agility

Digitization is changing requirements and tasks in controlling and thus also the job profile of controllers. In 2016, the ICV Expert Work Group BI/Big Data was reorganized in controlling and in 2017 the ICV Digitization Offensive started, including webinars, business innovation labs, mailings and publications. In 2017/2018, the ICV Think Tank, a top-class committee with masterminds in controlling, also dealt extensively with this key issue. In recent years, digitization and agility have always been the focus of the ICV central event, the Congress of Controllers, but also at the autumn conferences and in ICV live webinars. Several expert work groups of the ICV are dedicated to the questions and conclusions on these key topics, currently DCC Digital Controlling Competence, Digital CFO Agenda, Agile Controlling and Digital Transformation.

The ICV has focused on digitization and agility for many years and, as usual, has supported controllers with its offers in conveying the new realities that result from this for controlling as well as has supported everyone involved in controlling and corporate management with best practice in a wide variety of formats .

In order to clarify the continuing importance of digitization & agility, the ICV has declared it as the official ICV topic of the year in 2022. On this page you can find all relevant information and news.




Awards and lighthouse projects


ICV Ambassador Digitizaton

Alexander Hein
Head of the Expert Work Group
DCC Digital Controlling Competence
alexander.hein{bei}smartpm.solutions

ICV Ambassador Agility

Marie-Luise Lehmann
Co-Head of the Expert Work Group
Agile Controlling
marie-luise.lehmann{bei}financegoesagile.com

Digital Champions Award under the patronage of the Federal Ministry of Economics

Every year, Wirtschaftswoche and Telekom Deutschland present the Digital Champions Award nationally and regionally in four categories:

  • Digital products and services
  • Digital processes & organization
  • Digital customer experience
  • Digital transformation in medium-sized companies

German SMEs that have been in the market for more than 5 years are eligible to participate. With their application, they prove that they are sustainably successful in the context of digital transformation or that their approach is exemplary in dealing with digital transformation.

To the Award 

 

Reading tips

Do you have a reading tip?

We would be happy to publish your reading tips on the topics of digitization and agility here. Simply e-mail the link and brief information about the recommendation and you as the sender to web{bei}icv-controlling.com


Reading tip (English): Controlling & Agility - Fundamentals, Approaches, Examples and Recommendations for the Future Finance Function

Prof. Dr. Heimo Losbichler, ICV Chairman of the Board, recommends the new expert reading (May 2022) of the IGC International Group of Controlling, where he is also the Chairman:

In a VUCA environment, controllers need to act even more dynamic and flexible to meet the changing demands of management. Agility emerges as a recipe for success in this context. It describes the quick recognition and adaptation of changes by flexibly adapting processes, resources, or activities to new requirements for better goal achievement. Thus, agility is based not only on instrumental agile approaches, but also the provision of agile values and principles. Agility is an umbrella term, that can encompass everything from an individual perspective through internal/external up to organisational agility – which we concentrate on in this book.

We have identified 46 agile approaches and describe them in detail regarding core terms, instruments, functioning, and pros & cons.

With eleven implementation examples from practice, we illustrate the application of several approaches, as well as the possible changes and wins, but also the pitfalls. They range from renowned global production companies like Bosch towards small and medium sized service organisations.

The book closes with applications recommendations regarding the use of the 46 agile approaches as well as necessary process and competence changes. 


Reading top (English): IGC Study Report - Digitization in Planning, Budgeting and Forecasting

Prof. Dr. Heimo Losbichler, ICV Chairman of the Board, recommends the current Study (May 2022) of the IGC International Group of Controlling, where he is also the Chairman:

The IGC study sets out to explore the application of digital instruments and digitalized processes in corporate planning, budgeting and forecasting. 

Companies pursue a variety of goals with the introduction of technologies in planning, budgeting and forecasting. Besides reducing variances and improving the quality of planning and forecasting, there is also a push to increase automation and the associated reduction in costs. It is apparent that the current state of digitization in planning, budgeting and forecasting is low and the adoption of technologies is still limited.

The study hints to several roadblocks for digitization. The main obstacles are the lack of knowledge and insufficient capacities. Problems of acceptance and an insufficient information base are also a challenge. The case for introducing digital technologies is also hard to make, especially in regard to financial outcomes.


Reading tip: Grüne fahren SUV und Joggen macht unsterblich (in German)

About the risks and side effects of non-statistics

Reading tip from Claudia Maron, Head of Digital & Sustainable Economy, DATEV eG: 

Digitization makes data available for almost every process in seemingly all areas of life. There is almost nothing left in business that cannot be measured, counted and tracked. That alone is not enough. Data must be sorted and evaluated. In the end, it is important to draw conclusions from the result. How well does that work? The authors of the Spiegel bestseller "Grüne fahren SUV und Joggen macht unsterblich", psychologist Gerd Gigerenzer, data analysis expert Katharina Schüller, economist Thomas Bauer and statistician Walter Krämer have been diagnosing for ten years a kind of illiteracy in their "#Unstatistic of the Month", dealing with numbers, with probabilities and risks.

To the Campus Publishing House

 

eBook Jedox & Microsoft: How AI supports the finance department (in German)

The use of artificial intelligence enables smart, automated forecasting and performance management processes. AI thus creates the basis for faster and better decisions. The eBook by Jedox in cooperation with Microsoft uses current use cases to show how AI can promote the digital transformation of companies. For example, the Apex hotel group was able to increase the accuracy of its sales forecasts to up to 99%.

Jedox is an exhibitor at the 46th Congress of Controllers on May 9/10 in Munich and takes part in the Predictive Planning Challenge

Download the eBook


Materials on digitization and agility

Digitalisierung & Agilität im Gespräch

Matthias von Daacke, Vice-Chairman of the ICV Board, in conversation with the Performance Manager Podcast / atvisio.TV about the  über die work results of the Topic Cluster "Agile Corporate Management" as part of the 46th Congress of Controllers (German).


Das Themenzentrum Digitalisierung beim 46. Congress der Controller 2022

Im Themenzentrum Digitalisierung des 46. Congresses der Controller wurde die "Predictive Planning Challenge" ausgerufen. Am Beispiel eines Business Cases haben drei Unternehmen ihre jeweiligen Lösungen präsentieren. Moderiert von Robert Tischler von der BARC GmbH präsentierten ihr Angebot: 

  • Julian Kestler / Wolfgang von Loeper, Jedox
  • Martin Winkler / Daniele Tedesco, Cubeweise
  • Heinrich Nordsieck & Markus Begerow, Coplanner

Peter Bluhm von atvisio.TV befragt die Ausrichter der Challenge nach ihrem Fazit zur Veranstaltung. 


Agiles Performance Management in der Praxis am Beispiel von Vetter Pharma

Das Leitbild für agiles Performance Management in ihrem Unternehmen Vetter Pharma zeichnen Oliver K.D. Watz und Claudio Galbusera im Vortrag beim ICV Congress der Controller 2022, aber auch im Interview mit Peter Bluhm von atvisio.TV. Sie berichten dabei unter anderem über Rollenbilder im Controlling und Instrumente der gelebten Agilität. 


Digitale Kompetenz für Controllerinnen und Controller

Alex Hein, Leiter des 2021 gegründeten ICV Fachkreises Digital Controlling Competence, erläutert bei Peter Bluhm von atvisio.TV die Arbeit seines Fachkreises. Dabei geht es um Datenverfügbarkeit, Prozesse, Systeme und Analysemöglichkeiten, vor allem aber um die Anforderungen an Controllerinnen und Controller. Der Fachkreis setzt auf die Mischung aus Theorie und Praxis und unterstützt mit konkreten Handlungsempfehlungen. 



Past events

ICV Live Webinar: How does digital transformation succeed in controlling?

Typical mistakes and recommendations for action in the exclusive triple technical discussion

Pascal Speicher, controller for 20 years, as well as the Head and Deputy Head of the ICV Exper Work Group Digital Controlling Competence, Alexander Hein and Christian Bramkamp, put their fingers in the wound and talk about their experiences with digitization in controlling.

  • Where to start with digitization in controlling and how far it can go
  • What stumbling blocks you have to watch out for and what preparatory work needs to be done
  • How corporate, work and decision-making processes are changing -
  • What improves qualitatively and quantitatively through digitization in controlling
  • What help you can get to optimally set up processes
  • What skills controllers have or need to acquire
  • What tools and technologies can currently do

We ask for your understanding that this event is open exclusively to experts from the financial sector and scientists. Non-members of the ICV can also participate.


Digitization & Agility at the 46th Congress of Controllers on May 9/10, 2022

Topic cluster C: Agility

Agile corporate management. New perspectives for practice 

Moderation: Matthias von Daacke, Head of Global Controlling Blanco GmbH + Co KG

and Member of the ICV Board

 

  • Mission statement Agile Performance Management @Vetter
  • Differentiated role models in controlling: of specialists and managers
  • Active agility thanks to performance dialogues and rolling forecasts

Oliver K.D. Watz
Vice President Controlling Business Partner & Performance Management

Claudio Galbusera

Vetter Pharma-Fertigung GmbH & Co. KG
Ravensburg

 

  • From hierarchy to agile - why we have changed
  • How to steer when the budget has lost its steering effect
  • Economies of scale and customer focus - the transformation of finance continues

Svenja Amrhein
Head Group Strategic Planning
F. Hoffmann-La Roche AG, Basel, Schweiz
Speaker

 

  • From purpose to strategy
  • The distinction between classic and agile management instruments
  • Strengthening the role of controlling and the CFO through agile management instruments
  • Increasing effectiveness and efficiency with company-wide focus and alignment

Marie-Luise Lehmann
Founder, Owner
Finance Goes Agile
Head of the ICV Expert Work Group Agile Controlling

9.50 a.m. Digital transformation in BMW controlling

  • Information at your fingertips
  • Instant Reporting & Online Planning – for business and finance
  • Periods and project management

 

Walter Mertl
Senior Vice President Group Controlling
BMW AG
München

 

11.00 a.m. Machine learning and AI for sustainable ESG reporting?

  • Data sources and data quality as the basis of ESG reporting
  • The connection of structured and unstructured data enables new insights
  • Complexity and information overload as a challenge
  • Specific case studies with the help of arabesque and upright

 

SPEECH IN ENGLISH

Prof. Dr. Othmar Lehner
Director of the Hanken Center of Accounting, Finance and Governance
Hanken School of Economics
Helsinki, FIN

 

ICV Online Seminar: Agile corporate planning and management

Final online offer for the CAB Controlling Advantage Bonn, the ICV autumn conference of the Germany West region. Exclusively for CAB participants from 2021 and ICV members. Speakers are Katja Wenzel and Frank Homrighausen, both consultants CFO Advisory at SAP Business Transformation Services.

May 12, 2022, 5 p.m. to 6.30 p.m.

Information and registration

 

Online Event: International Controller Health Care Conference

The second part of the ICV Health Care Conference Austria 2021 focuses on the digitization of the Austrian health care sector. The speakers talk about AI, big data and data security.

May 12, 2022, 1 p.m. – 4 p.m.

To the ICV Controller Health Care Conference Austria