FIC
Establishment of Finance Shared Service in IPC
PT. Pelabuhan Indonesia II (Persero) “IPC” state owned port company are embarking on a major expansion and investment plan for port services in Indonesia. Part of IPC’s strategy involves creation of new business entities and subsidiaries who will focus on core commercial and operational services. Acquisitions and mergers may also form part of IPC’s future plans. To support this growth, IPC is implementing a transformation of the current business and is progressing this through a number of initiatives and projects.As a part of this Business Transformation plan, the finance function has been asked to look at how it will support the business and its stakeholders. IPC is lagging behind leading global Finance functions. IPC is seeking to transition its Finance function “from good to great”, redefining the scope and role from pure scorekeeping towards business partnering. This will be achieved through key changes to the Finance strategy, organization structure, underlying processes, Finance systems and people. There are significant opportunities for improvement in all these key areas.