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Home > Intellexis > News > Borealis to improve business acumen with Intellexis financial awareness programme
Intellexis e-learning solution for finance and non-financial managers worldwide to save 70% of training costs Borealis, a leading provider of plastics solutions, has launched a world wide initiative to improve business acumen among employees using a financial awareness programme from Intellexis. Driven by Borealis CFO, Clive Watson, the initiative will help employees, particularly finance staff, to make more informed financial decisions to increase return on capital employed (ROCE), Borealis' business performance measure. Borealis estimates that using Intellexis e-learning to provide training to staff at any time, anywhere in the world will reduce training costs by 70 percent. "By using Intellexis financial awareness courses, staff will understand how their role and actions contribute to our ROCE objective and the financial benefit of the company," said Borealis CFO, Clive Watson. "Intellexis is providing Borealis managers with the knowledge they need to make better financial decisions day-by-day. It is clear that financial knowledge is critical to increasing competitiveness and business performance." "In Intellexis, we have found one of the world's leading
experts in financial awareness development. Intellexis is
a very specialised financial company and these people know
what they are talking about," said Reginald van Peteghem,
director of financial shared services, Borealis. "We
saw many other e-learning companies but they didn't really
understand our business issues like Intellexis does. Also,
Intellexis has a portfolio of products which needed little
customisation to make them fit our business requirements." The Finance Faculty - part of a wider Borealis Business Academy - comprises finance and e-learning expertise from Intellexis and Borealis in-house classroom training. Borealis financial managers will use FACT - Intellexis' web-based tool that enables organisations to identify individual knowledge gaps - to target training resources in the most effective way. These and other staff will also use Intellexis e-learning courses such as Cash Flow Challenge, a game-based programme that increases understanding of cash flow, Financial Fundamentals, Operational Analysis, and Strategic Analysis. Borealis plans for an initial group of around 300 financial and non-financial managers to use the Intellexis financial e-learning courses, although anyone in the organisation who needs the training can also use the courses. Intellexis has also helped Borealis by including Borealis terminology and incorporating the company's strategic ROCE objectives into the e-learning products. Each Borealis manager will be able to pick and choose the courses that best fit their identified development needs and, using the Intellexis e-learning portal, will be able to learn at their own pace. David Willis, Managing Director, Intellexis, said, "Borealis joins a raft of multinational organisations that include Ciba Specialty Chemicals, Nestlé and Hilton, who now regard financial awareness development and training as an essential part of the business strategy. Increasingly, we are finding that initiatives such as the Borealis Finance Faculty are being sponsored by the CFO or indeed the CEO. It indicates organisations are realising that addressing the financial skills gap in business is no longer simply an HR training issue, it is now a strategic one and is essential to effective business performance." About Borealis: Debbie Sharples
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