MOODY ’ S CORPORATION
“ Value drivers are going to be at the heart of all the work we ' re doing as a finance organisation ”
JEFFREY KLEBANOFF MANAGING DIRECTOR - FINANCE TRANSFORMATION , MOODY ' S CORPORATION
“ In a transformation , it ' s easy to concentrate on new systems and processes , missing the importance of people . We have to hire people and engage with partners to help us . Where we find a gap in our capabilities , we can work with partners like EY to fill them until we can hire or train people with these skill sets .”
The people journey , Klebanoff emphasises , will never be entirely complete , continuing to evolve as new tools and processes come along and finance transformation proceeds .
Delivery and partnership That all-important Process Excellence team is overseen by Senior VP Paul Paretta , in addition to programme delivery across the business . With 11 years at Moody ' s , Paretta has a broad portfolio of responsibilities , overlooking all the projects and programmes across the finance organisation .
“ My team has a key role in helping deliver and drive those projects . As part of that , we have a focus on mergers and acquisition integration , and there ’ s a core capability we have developed specifically for this .”
When it comes to onboarding and working with partners , the methodology varies depending whether the partner identified is a large system integrator ( SI ), such as EY , or a small , boutique-type business – though the principle remains consistent .
“ Of course , we look for industry experience and for the competencies we need . That ' s a must-have for us : they need to have the track record to deliver ; we want to partner with organisations that we can rely on to work with us through the ebbs and flows of a programme . Large-scale transformations are not easy and are often fraught with all sorts of risks and , in our industry , many fail .
“ For us , it ’ s important to ensure that in the dark hours ( those really tough times in delivering a programme ), our partner will be there with us throughout the journey
116 November 2022