How CFOs Can Meet Profitability Objectives: Interview with: Greg Parkes, Director of Sales, Autopia, a sponsor company at the marcus evans CFO Summit 2013, discusses the advantages of vehicle salary packaging programmes.

1. How CFOs Can Meet
Profitability Objectives
environment, CFOs need to figure out adoption of the benefit is an easy and
how to do more, with less. If possible, relatively risk-free route to increased
profit centres should be recession- corporate profitability.
proofed , operatio nal eff ic ie nc ies
improved, and organisations run as lean What developments should CFOs
as possible without compromising the anticipate in the future?
quality of products and services.
To prepare for this increase in the
How can CFOs take advantage of number of novations, CFOs should
vehicle salary packaging evaluate the operational capabilities of
programmes? their suppliers to make sure that they
have the appropriate systems and
Between 2011 and 2014 the annual FBT technologies in place to handle the
Interview with: Greg Parkes, liability on a typical company car is set volume.
Director of Sales, Autopia to almost triple. CFOs can take
advantage of vehicle salary packaging
programmes by using them to avoid this
Chief Financial Officers (CFOs) can increase in tax.
increase the organisation’s bottom line
profitability by implementing vehicle By replacing company cars with car
salary packaging programmes says Greg
Parkes, Director of Sales, Autopia.
allowances and novated leasing, CFOs
can turn a tax hike, into a tax
By replacing
A well run novated leasing programme
minimisation strategy.
company cars
delivers significant tax savings for the The additional benefit is that as an
company. By implementing efficient employee leaves, their lease is also with car
Fringe Benefit Tax (FBT) management removed from the balance sheet,
systems and supplier processes that are
integrated with the payroll, some CFOs
instantly transforming a company fleet
into a recession proofed flexible fleet.
allowances
report they are also reducing fleet
administrative overheads by up to 75 Why do novated lease cars make
and novated
per cent. This enables the business to
focus on actually increasing the number
companies more profitable?
leasing,
of novated leases, which accelerates Novated leasing enables an organisation
company tax savings, he adds. to reduce payroll tax and workers’ CFOs can
compensation premiums. It does this by
From a sponsor company at the marcus
evans CFO Summit 2013, in the Gold
reducing the organisation’s “total
Australian wages’” base.
turn a tax hike,
Coast, Queensland, Australia, 10 - 12
March, Parkes discusses how CFOs can Hence the simplest, and most direct
into a tax
use novated leasing as a risk-free route
to further accumulating corporate
route to generate further financial gain
with novated, is to open up the benefit minimisation
profitability. to the entire workforce, increasing the
number of novated leases. strategy
What strategies can be put in place
to overcome the effects of the And now that the risk of unrecoverable
global financial crisis? FBT liabilities from employees missing
kilometres (km) targets is almost a
In order to achieve profitability thing of the past (tiered km brackets
objectives in a post global financial crisis are being phased out by 2014), mass

2. About the CFO Summit 2013
The F i nan ce N etw o rk –
marcus evans Summits group
This unique forum will take place at the RACV Royal Pines Golf Resort & Spa, Gold
delivers peer-to-peer information
Coast, Queensland, Australia, 10 - 12 March 2013. Offering much more than any
on strategic matters, professional
conference, exhibition or trade show, this exclusive meeting will bring together
trends and breakthrough
esteemed industry thought leaders and solution providers to a highly focused and
innovations.
interactive networking event. The Summit includes presentations on ensuring
structural consistency, utilising digital and social media to boost financial results
and improving the quality and speed of decision making to deliver improved
outcomes.
www.cfo-anz.com
Please note that the Summit is a
closed business event and the
Contact
number of participants strictly Maria Gregoriou, Journalist, marcus evans, Summits Division
Tel: + 357 22 849 400
Email: press@marcusevanscy.com
For more information please send an email to info@marcusevanscy.com
All rights reserved. The above content may be republished or reproduced. Kindly
inform us by sending an email to press@marcusevanscy.com
About Autopia
Autopia is a vehicle salary packaging company that delivers quantifiable bottom line results to a business. Our unique combination
of vehicle, finance and tax expertise is unequalled in the industry, and it’s these skills that provide our clients with a financial result
no other salary packaging company can match. And unlike our competitors, novated leasing is all we do so our systems have been
developed specifically for novated. This results in an increase in operational efficiencies, saving our clients time, and money.
www.autopia.com.au
About marcus evans Summits
marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss
strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to
individually tailor their schedules of keynote presentations, think tanks, seminars and one-to-one business meetings.
For more information, please visit: www.marcusevans.com
Upcoming Events
CFO Summit (North America) - www.cfosummits.com
Energy CFO Summit (North America) - www.energycfosummit.com
To view the web version of this interview, please click here: www.cfo-anz.com/GregParkes