Strategi Navigasi Menuju Profitabilitas Tinggi | Stanley Iriawan, CFO PT Elnusa Tbk.

Summary

In the face of current disruption, the management ensures a continued focus on comprehensive data acquisition while managing risks. Innovation in financial management is encouraged through digitalization and enhanced reporting systems. CFOs act as strategic navigators and partners, mapping company direction and maximizing value creation amidst economic uncertainty. They manage cash flow efficiently, optimize costs, and make strategic investment decisions to support company growth. Effective communication with stakeholders is crucial, providing transparency and credibility. The CFO's background in Business Management provides a solid foundation in financial principles, and their diverse industry experience allows for a holistic view of financial management, adapting to market dynamics. Key strategies include open communication, cross-divisional collaboration, and integrated financial management systems for risk management and compliance. The company aims to improve operational and financial efficiency, with a commitment to sustainable growth and transparent financial reporting.

Takeaways

• 📈 The management is focused on accelerating comprehensive data acquisition processes while considering risk factors.
• 💡 There's an emphasis on innovation in financial management through digitalization and improved financial reporting systems.
• 🛠️ The CFO's role is to navigate market volatility, acting as a strategic partner in mapping the company's direction and maximizing value creation.
• 💼 The CFO must efficiently manage cash flow, optimize costs, and make strategic investment decisions to support company growth.
• 🗣️ Effective communication with stakeholders is crucial, ensuring transparency and credibility in the company's strategic direction.
• 🏛️ The CFO's educational background in Business Management provides a solid foundation in financial principles.
• 🏢 The CFO's work experience in banking and the RIL sector has given them a holistic view of financial management.
• 🔄 The strategy involves open, active, and collaborative communication across financial and other divisions, supporting strategic financial decisions with comprehensive data.
• 📊 An integrated financial management system is implemented to monitor financial practices, including risk management and compliance.
• 🌐 The company is proactive in staying updated with regulatory changes and leveraging opportunities such as tax incentives or new funding mechanisms to support growth and sustainability.

Q & A

What is the primary focus of the management in the era of disruption?

The primary focus is to ensure a continued focus on accelerating comprehensive data acquisition processes while also considering risk factors.

How does the management encourage innovation in financial management?

The management encourages innovation by promoting the enhancement of digitalization and financial reporting systems.

What is the role of a CFO in navigating market volatility?

A CFO acts as a navigator and strategic partner, mapping the company's direction, maximizing value creation, and managing cash flow efficiently, even in uncertain economic conditions.

How does the CFO manage investment decisions and funding to support company growth?

The CFO takes strategic and efficient investment decisions and funding to support company growth, ensuring efficient cash flow management, cost optimization, and strategic investment.

What is the importance of communication for a CFO?

A CFO must actively communicate with stakeholders, providing transparency, trust, and emphasizing credibility regarding the company's strategic direction.

How does the CFO maintain a balance between risk and opportunity?

The CFO maintains a balance by actively managing risks and opportunities, ensuring strategic decision-making that aligns with the company's goals.

What educational background and work experience does the CFO have?

The CFO has a background in Business Management and has worked in the banking industry and the real estate sector, providing a holistic view of financial management.

What strategies does the CFO implement to adapt to market dynamics?

The CFO implements effective and adaptive financial strategies, focusing on open, active, and collaborative communication across divisions, and supporting data-driven financial decisions.

How does the company ensure compliance with financial regulations?

The company ensures compliance by implementing integrated financial management systems to monitor financial practices, including risk management and adherence to accounting standards and financial regulations.

What was the company's performance in Q1 2024?

In Q1 2024, the company showed positive financial performance with a significant increase in net profit, driven by operational efficiency, portfolio diversification, and the implementation of new technologies.

How does the CFO approach the challenges of global market volatility, energy policy changes, and climate change?

The CFO addresses these challenges by implementing strategies such as diversifying the business portfolio and strengthening structured and planned risk management approaches.