3rd CFO Innovation Indonesia Forum

Indonesia’s GDP growth for 2015 was at 4.8%, revised down from the predicted 5.7% a year earlier. Promised infrastructure developments, deregulations to encourage foreign investment, regulatory uncertainty and lack of coordination amongst the various ministries have failed to materialize the growth as promised for 2015. 

The growth for 2016 is estimated in the range of 5.0-5.2% by the Indonesia Trade Minister, Tommy Lembong. Joko Widodo, in an apparent move to shore up investors’ confidence, has in the last quarter of 2015, engaged in a number of deregulatory measures. They include easing the process of opening bank accounts by foreigners, removing import restrictions on various goods, such as tires and cosmetics, doing away with the tedious regulations such as the one  that requires Indonesian-language labels be affixed to imported goods before arrival. He has also cut the processing time for investment permits, announced discounts on overnight electricity prices and eased few of the land-procurement rules.

Will these steps raise the flagging investor spirits and pave the way for the much needed investment, boosting economic prospects for the year 2016?  Or will they just translate into the commonly seen scenario where policies are announced and scrapped?

The 3rd CFO Innovation Indonesia Forum will focus on the latest developments, opportunities and risks that finance function in Indonesia will likely to face given the gloomy global economic outlook, capricious local regulations, apparent lack of coordination amongst the ministries and the slow implementation of deregulations.

The issues to be addressed include:

  • After a disappointing 2015, will 2016 usher in the much-awaited changes to boost economy?
  • What kind of challenges can CFOs expect to tackle in 2016?
  • How can regulatory and currency challenges be navigated?
  • Can Digital Platforms be the much needed weapon the CFOs are looking for?
  • With a gloomy Global economy forecast for 2016, how important are innovations to a CFO’s role and can they be introduced into traditional finance functions?
  • How can an early engagement with the Government be adopted by the CFOs to successfully manage the effects of new regulations and policies?
  • What can Start-Ups and traditional models of businesses offer each other in terms of strategies to better the existing financial system?
  • With complicated regulations and constant regulatory disruptions a commonplace in Indonesia, stringent capital requirements will be paramount for CFOs. How can CFOs manage them?

This closed-door forum will provide CFOs, financial controllers, treasurers and other finance executives the opportunity to spend one day immersed in a productive environment with peers from large enterprises and multinationals, as well as business specialists and other experts.

An impressive panel of A-list CFOs coming from both Multi-National Companies and top national companies in Indonesia will gather to have peer-to-peer discussions and share insights to help CFOs risk-proof their business and gain a better understanding of today’s economic environment, industry issues and future market outlook.

Testimonials
  • This forum is beneficial to update finance professionals with new knowledge, information and technology trends

    Dharma Wijaya, Director of Finance
    The Legian Bali
  • This event linked finance professions across Industries and functions. To me, it is like a big reunion where I met my ex-colleagues from other companies. This forum offers a full learning experience and nice social gathering for finance family

    Kurnia Ariawan, CFO
    Petrosea
  • The forum provided good learning and networking opportunity with other finance leaders from different industries

    Lioe Cu Ling, Director for Finance and Accounting
    Indoprima
AGENDA
08:30
Registration and Refreshments
09:00
Chairman’s Introductory Remarks
Cesar Bacani
Editor-in-Chief,
CFO Innovation
09:20
Opening Keynote: Indonesia Economic Outlook 2016

Falling Rupiah, depressed demand for commodities, slowdown in key trading partners, delayed infrastructure spending are projected to keep Indonesia’s growth at 4.7% in 2015 (World Bank Report) . The government speeded up the rolling out stimulus measures in Sept and Oct buoys the business mood that promised deregulation steps are underway. Public spending has increased by approximately 21.4% compared to 2014. With expected improving external conditions and greater public investment spending, growth is targeted to increase to 5.3% in 2016.

How will Indonesia fare in 2016? Will economic reforms pick up speed and boost business owners’ confidence? Is the Rupiah expected to do better after a turbulent performance in 2015? Will the proposed host of deregulation measure attract increased foreign investment that fully taps Indonesia’s huge consumer market and workforce?

Winang Budoyo
Chief Economist,
CIMB Niaga Bank
09:50
Executive Dialogue: Indonesia The Next Economic Giant: When?

The roll out of new regulations and subsequent roll back of some of them have led to despair amongst CFOs in 2015. Promised infrastructure changes were implemented at slower than the ideal speed with a lot more room for improvement. Negative List sector, which stipulates the sectors open to foreign investment, seems to be retarding the welcome foreign investment stance. The Government fast-tracked the unveiling of deregulatory measures in September & October 2015. Will these push growth past the projected modest 5.3% in 2016?

  • With an expected slow global and domestic market, how can CFOs innovate to remain competitive
  • Will companies benefit from a loosened Negative List?
  • With the formal launch of the Asean Economic Cooperation (AEC) in Dec 2015, how can CFOs benefit from this cooperation?
  • What kind of effects can be expected from the normalisation of the US Federal interest rate? How can CFOs address these effects?
  • With tightened Tax regulations, how do CFOs stay ahead of the curve?
Interviewee:
Winang Budoyo
Chief Economist,
CIMB Niaga Bank
Ramon T.Martillano
Group Financial Advisor,
Sinar Galaxy Group
Interviewer:
Cesar Bacani
Editor-in-Chief,
CFO Innovation
10:20
Morning Coffee Break
11:00
Executive Discussion I: Delivering Strategic Business Insights Through Risk Intelligence and Management

The current local and global economic climate has sprung forth serious risks that necessitate proper addressing. From credit risk and foreign exchange risk to security risk, businesses are carefully monitoring the various risks and effect that these pre-emptive measures have to ensure that these risks do not manifest as a phenomenon that will derail the companies’ growth.

  • What adequate measures can be taken?
  • The amplification of terrorist acts and security risks has worried shareholders.
  • How do you properly hedge against currency fluctuations?
  • Has credit risk increased in the current economic situation? How can credit risk be managed?
  • How big is the political risk under the current circumstances? How is it impacting the CFO’s decisions?
Moderator:
Cesar Bacani
Editor-in-Chief,
CFO Innovation
Panelists:
Nicholas Soon
Business Finance Lead,
British American Tobacco
Sourav Seksaria
Finance Director,
Coats Indonesia
Aftab Patel
CFO,
Tata Motors Indonesia
Setio Anggoro Dewo
Director & CFO,
Trakindo
Damien Dugauquier
Commercial Director, Corporate Sales ,ASEAN,
SWIFT
11:40
Effective Working Capital Management

Effective working capital management is crucial for having an excellent cash flow and savings. These will translate into having appropriate contingency plans to counter unforeseen financial circumstances, to swiftly capitalize on business opportunities available and less dependency on external agencies. Managing short-term assets and short-term liabilities which form the core of working capital management have to be handled in an appropriate way, utilizing potent strategies in tandem with the current financial trends.

  • How to manage the assets and liabilities?
  • How to optimize operations that assist working capital management?
  • What are the latest techniques and strategies that will optimize working capital management?
  • How to implement an effective supply chain strategy?
Jatin Brahmecha
CFO,
Megasari Makmur (Godrej Group Company)
12:10
IBM’s Own Transformation Journey With Analytics

From being a ‘dinosaur’ with disintegrated operations and many disparate processes across the globe, IBM transformed itself into an organization with consistent and integrated processes, shared service operations and continuous focus on efficiency and productivity. Being an early adaptor of Analytics, IBM Finance played a pivotal role in this transformation journey by improving its customer offerings and sending a strong message of scalability and Return on Investment to its customers.

Abhishek Shah
CFO,
IBM Indonesia
12:30
From Numbers To Insight

This session will showcase a real life case study of a Brewery’s struggle with Excel based analysis, their CFO’s endeavor for establishing a “Single Version of Truth” across the organization and their first step towards their journey with Analytics.

Deb Mukherji
Business Development Leader – Financial Planning & Analytics,
IBM ASEAN
12:50
Networking Lunch
12:50
Networking Lunch
13:50
Speed Networking – Maximizing Your Conference Experience and Expand Your Professional Network!
14:10
Executive Discussion II: Creating Value from Digital Platforms: Enhancing the Profit Margin

There is a general tendency for business owners in Indonesia to overlook the use of digital platforms such ‘Cloud’ and out-sourcing avenues like Business Process Outsourcing (BPOs).

  • With ready availability of cheap labour and infrastructure, are the cost savings that can accrue from using these platforms significant?
  • The use of these digital platforms make available of crucial real-time data that enables CFOs to make accurate financial outlook forecasts and minimization of risks along the supply chain. Is this benefit being overlooked?
  • In what other ways are else are the Digital Platforms enhancing the role of the CFOs?
Moderator:
Cesar Bacani
Editor-in-Chief,
CFO Innovation
Panelists:
Balaji Venkatesh
Finance Director,
Avnet Datamation Solutions
Amelia Bharata
CFO,
Enseval Putera Megatrading Tbk
Aditya Aggarwal
Director & CFO,
CATERPILLAR INDONESIA
Fransiscus Budi Pranata
CFO & Service Director,
Zalora
14:50
Executive Dialogue II: Traditional Businesses & Start Ups: What Can One Offer The Other

Despite bureaucratic obstacles, poor infrastructure and a take-it-or-leave-it attitude among senior officials, how are startups thriving in Indonesia? Traditional Businesses have weathered various challenges and upheaval in Indonesia over many years. What can both business models share with each other to propel Indonesia forward in the economic and business arena? Issues addressed  include:

  • Capital  Raising
  • Debt Financing
  • Talent Management
  • Financial Management Metrics
Moderator:
Cesar Bacani
Editor-in-Chief,
CFO Innovation
Panelist:
Mario Sugianto
CFO,
Havas Worldwide
Djony Rosnipa
Group Head/VP of F&A,
Multipolar Group
Fransiscus Budi Pranata
CFO & Service Director,
Zalora
15:20
Afternoon Coffee Break
15:50
Executive Dialogue II: Maintaining A Productive CFO and CIO Collaboration in Times of Economic Uncertainties

With projected local and global uncertainties for the year 2016, has it become more pressing than ever for CFOs and CIOs to have lengthy collaborations that will lead to efficiency and innovative practices that will translate to optimum business performance?

Interviewee:
Bhanuwati Citarasmi
CFO,
Darya-Varia Laboratoria
Irvan Yasni
CIO,
Sinar Mas Land
Interviewed by:
Cesar Bacani
Editor-in-Chief,
CFO Innovation
16:10
Executive Discussion III: Talent Retention: A Winning Strategy in Uncertain Times

Recruiting and retaining finance talents in Indonesia continue to be a massive challenge. Bringing in finance talent to address the local shortfall is not cost-effective. Current trend seems to be one of local talents moving on after few years. Scarcity has also led to poaching by competitors. This panel will discuss the following key issues faced:

  • Benefits & Compensation: Formulating career paths and building organization structure that keep in mind local and cultural values. Changes to health insurance, pension, minimum wages, regulations etc. Are they helping to retain workers?
  • Retention: What measure can be employed to promote staff loyalty and sense of belonging?
  • Communication: Local talents seem to be disengaged from the upper management. Talents need to be assured that the career concerns and paths are being managed properly. How can the communication /dialogue between upper management and the staff be improved?
Moderator:
Cesar Bacani
Editor-in-Chief,
CFO Innovation
Panelists:
Abhaya Chatterjee
CFO,
CG Power Systems Indonesia
Benjamin Reynaud
Finance Director,
GSK Consumer Healthcare
Lars Adam
CFO,
Indocement
Kurnia Ariawan
Finance Director,
Petrosea
17:00
Chairman’s Closing Remarks
SPEAKERS
SPONSORS

Partner Sponsor

Networking Partners

Exhibitors

Organizer

VENUE

Address
Jalan Jenderal Sudirman, Kav 18 - 20 · Jakarta, Jakarta, 10220 · Indonesia