The Coca-Cola Company’s recent global digital transformation initiative within their McDonald’s Division (TMD) has increased the company’s confidence in their data and enabled them to make better decisions faster. In just 4 months they implemented their first use case (“app”) – a global P&L across 105 countries, connecting 100+ associates with centrally sourced assumptions and automated consolidation.
Over the next 12 months, TMD added multiple apps for business planning, quality and size-of-prize modelling in a unified ecosystem touching Finance, Sales, Marketing and Supply Chain functions, transforming the way they plan and report.
At this Global FP&A Trends webinar, Victor Barnes, Global CFO, The McDonald’s Division at The Coca-Cola Company, shared their journey toward one source of truth and explained how they managed to improve their processes that previously took weeks or even months.
The Panel:
Victor Barnes, Global CFO, The McDonald’s Division at The Coca-Cola Company
Larysa Melnychuk, MD of FP&A Trends Group and Founder of the International FP&A Board.
Larysa Melnychuk
Larysa Melnychuk is a passionate Financial Planning & Analysis (FP&A) professional and influencer who has held senior FP&A roles at leading organisations before setting up the International FP&A Board in 2013. The Board is a global and well-recognised professional think-tank that aims to bring together the knowledge and experience of senior FP&A professionals and aid the development of best practice in the profession.
In the last three years, she successfully expanded the Board into 27 chapters in 16 countries across Europe, the Middle East, Asia, Australia, and North America.
Larysa is also the founder and CEO at the FP&A Trends Group (fpa-trends.com), the leading online resource for FP&A professionals. She chairs the Global AI FP&A Committee and runs a number of high-profile initiatives in the area of modern financial analytics.
Larysa holds a Master of Science degree in physics of materials and is a qualified chartered management accountant (CIMA), chartered global management accountant (CGMA) and is a holder of an FP&A certification. She is also a member of the exam content writing team for the Association of Finance Professionals (AFP) FP&A certification.
Larysa is also a passionate conference speaker and writes articles on various FP&A-related subjects.
VICTOR C. BARNES
VP/Global CFO, The McDonald’s Div. at The Coca- Cola Company
Atlanta, Georgia
Digital CFO, storyteller, & coach, Victor is a seasoned international executive with over 30 years’ experience in multiple industries, markets, cultures, and business models. Victor is currently Global CFO of The McDonald’s Division (“TMD”) at Coca-Cola which reports directly to the company CEO - providing Victor exposure to the company’s ELT and other board-facing executives. He was previously CFO of one of Coca-Cola’s 17 global business units (Canada). Victor’s team orientation and globally-recognized leadership excellence was honed as an Elite level basketball coach where he mastered the art of unselfish play, acknowledging the assist, and winning as a team! The result: transformed businesses positioned to capture growth. Within a year of Victor’s arrival at TMD, the team is a Digital pacesetter within the company – delivering the right data to decision-making on where to play and how to win.
With Big 4 CPA plus Internal Audit experience at Disney and Coke, Victor has deep exposure to industries ranging from manufacturing & electric utilities to real estate, entertainment and retail. Victor has led the financials of some of Coca-Cola’s most strategic packaging innovations (low cal mini-can, and their first stevia-sweetened carbonated beverage). He’s also been the financial expert on deals with some of the Company’s most strategic partnerships (Disney, MLB, NBA) plus a litany of customer deals.
A common thread throughout Victor’s career is that he typically arrived at a point of change - just before or after a major business acquisition or a new business model to deploy. Victor’s style is to listen more than talk, look for opportunities to build on ideas and win without looking for credit. He is a published author of an article on digital transformation and is a sought-after speaker at CFO forums around the world.
Jan Hill – Anaplan Accelerate Team
Jan Hill is a Principal on Anaplan’s Accelerate team, where she helps customers to uncover transformation opportunities and capture value through Connected Planning. Jan holds 12 years of professional experience across the finance function and joined Anaplan from the finance strategy service line of Deloitte Consulting. She holds a BA in Mathematical Economic Analysis from Rice University in Houston, Texas.
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