Components

Ensure proper data capture, mapping, and identification across various systems and functions.

Evaluate accounting and finance functions, simplify, enhance, and automate processes while understanding required skills.

Evaluate performance against strategy, understand financial objectives, and model future performance effectively.

Assess if the organization's structure aligns with company goals, processes are efficient, and scalability is possible.

Identify benchmarking opportunities, measure against relevant data, address variances, & ensure improvement.

Determine if tools and technologies can automate non-value-added functions and support desired automation efforts.

Core Process Optimization

Are accounting & finance functions—including any that are unique to your company—documented & well understood?
Are policies & required procedures built into the process & understood by the people performing the process?
Can the processes be simplified, enhanced or automated?
Are the skills and experience required to complete core processes understood and articulated?

Is your organization structured to effectively meet your company’s needs and goals?
Are the right processes being performed by the right people?
Does the organizational structure support efficiency and effectiveness?
Can the organization scale to meet changes in your company’s overall business plan and strategy?

What is the root cause of favorable or unfavorable variances?
What should be done to ensure continued favorable variances?
What are the corrective actions for addressing unfavorable variances?
How does your organization measure up against a trustworthy and relevant data set?
What processes are worth benchmarking, and what might you change if you compare favorably or unfavorably in a specific area?

Which levers are controllable?
How is the portfolio or entity performing today against the strategy?
What are the specific financial objectives and how do these move the needle?
Do you understand the population of material inputs (both at a macro and micro level) that impact the financial objectives?

Can analytics be reported on?
Do you have a defensible methodology to compile, model and articulate future performance?
Can you routinely model, update and publish against predicted performance?
Can you identify and interpret trends from actual observed results that impact future models?