179.Blueprints for Transformation: Revamping Finance with Chris Lloyd-Mostyn
06/04/24 • 49 min
Join Hannah Munro as she interviews Chris Lloyd-Mostyn, Senior Business Partner, on his extensive experience driving financial transformation at BT Group. In this episode of CFO 4.0, Chris shares detailed insights into the complexities and strategic decisions involved in managing one of Europe's largest finance transformation projects.
Key topics covered include:
- Understanding the initial state of BT's finance systems and the decision to undergo transformation.
- How the project was scoped, planned, and the strategic pivot to cloud computing mid-way through.
- The intense focus required to manage data from decades-old systems during the transition.
- Building a robust business case, revising it in response to evolving circumstances
- Strategies for reducing operational risks and ensuring continuous compliance during the transformation.
Links mentioned:
- Chris' Linkedin
- World Finance Forum London 2024
- Explore other CFO 4.0 Podcast episodes here.
- Subscribe to our Podcast!
Join Hannah Munro as she interviews Chris Lloyd-Mostyn, Senior Business Partner, on his extensive experience driving financial transformation at BT Group. In this episode of CFO 4.0, Chris shares detailed insights into the complexities and strategic decisions involved in managing one of Europe's largest finance transformation projects.
Key topics covered include:
- Understanding the initial state of BT's finance systems and the decision to undergo transformation.
- How the project was scoped, planned, and the strategic pivot to cloud computing mid-way through.
- The intense focus required to manage data from decades-old systems during the transition.
- Building a robust business case, revising it in response to evolving circumstances
- Strategies for reducing operational risks and ensuring continuous compliance during the transformation.
Links mentioned:
- Chris' Linkedin
- World Finance Forum London 2024
- Explore other CFO 4.0 Podcast episodes here.
- Subscribe to our Podcast!
Previous Episode
178. Financial Transformation Live: Navigating Process Improvement on the Maturity Scale
In this episode of Financial Transformation Live, Hannah Munro discusses the Process Improvement Maturity Scale. This session focuses on helping you understand and evaluate the maturity of your organisation's process development. Hannah takes you through various aspects of process improvement, offering insights and practical advice.
Key topics covered:
- Overview of the Process Improvement Maturity Scale.
- Assessing process knowledge and measuring performance with KPIs.
- Defining process ownership and leveraging technology for digitisation and automation.
- Stages of process optimisation and continuous improvement.
- Importance of thorough and consistent process documentation.
- Indicators of process effectiveness and aligning with organisational goals.
Links mentioned:
- May FTL: Navigating Process Improvement on the Maturity Scale
- Revisit previous Financial Transformation Live sessions
- Register for June's Financial Transformation Live session
- CFO 4.0 Monthly Briefing
- Financial Transformation Live Feedback survey
- Explore other CFO 4.0 Podcast episodes here.
- Subscribe to our Podcast!
Next Episode
180. Scaling Up FACE off: Breaking Venture Capital Barriers with David B. Horne
Join Hannah Munro as she interviews David B. Horne, Founder of Add Then Multiply and Funding Focus. With over 20 years of experience as a CFO, David shares his wealth of knowledge on fundraising, scaling businesses, and the challenges faced by diverse founders in the venture capital industry.
Key topics covered include:
- Insights from David’s extensive experience as a CFO across various industries and his transition to running his own business.
- The current market difficulties, inherent gender biases, and the lack of diversity in the venture capital industry.
- Exploring crowdfunding, angel investing, and family offices as viable alternatives for conservative growth plans.
- David’s FACE methodology (Fund, Acquire, Consolidate, Exit) for driving business growth and successful scaling.
- Key considerations and best practices for merging and integrating businesses post-acquisition.
- The critical role of CFOs in financial modelling, scenario planning, and ensuring the financial health of the business.
Links mentioned:
- David's Linkedin
- Learn more about Add then Multiply
- Read David's Book 'Add then Multiply'
- Read David's Book 'Funded Female Founders'
- Explore other CFO 4.0 Podcast episodes here.
- Subscribe to our Podcast!
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