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Finance Function Optimisation: Practice and Experience

Business breakfast

On 6 June, the Deloitte CFO team held the second in a series of quarterly breakfast round table meetings for Real Estate & Construction companies on the topic of finance function optimisation. More than 30 people attended the event, including representatives of the largest Russian and international real estate corporations. The event gave attendants the chance to connect and discuss current issues regarding methods of improving the finance function and current practice in the sector in Russia.

The event included presentations on the key elements of finance function effectiveness, project risks, fast close, Shared Service Centres and an interesting discussion on achieving acceptance of change when the corporate culture may be initially against it.

The round table also included talks by the following industry specialists:

  • Elena Ivanova, Head of the IFRS department and Ekaterina Regorova, Director of the Accounting Methodology department at PIK Group talked about their experience and the challenges they have faced while building the group’s finance function over the last eight years.
  • Dmitry Petrov, Head of Corporate Reporting at PSN Group, made a presentation on the group’s experience in accelerating  the IFRS close process.
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