Canon Information Systems and Research Australia

2008 – 2009 | Finance Transformation

CiSRA is a Canon research center with  250 engineers completing imaging technology projects for Canon group companies.

Appointed by CiSRA’s board to lead a review of month end reporting. This led to being appointed Head of Finance to lead transformation of the finance function, and specifically to enhance financial control and reporting.

These goals were achieved by implementing IProc online purchasing, developing a methodology for aligning a research company GL with a sales company GL, and moving accounting and reporting from Navision/TM1 to Oracle/TM1 in a shared services environment.

The finance team was mentored to work as partners to project managers, particularly communicating the importance of aligning project progress with revenue recognition. The month end process for collation of data relating to 50 projects, was reduced to 2 days facilitating timely and actionable insights.

Effective liaison with external advisors including for audit, transfer pricing and R&D grants led to significant cost savings.

What is done today changes tomorrow