Key Goals For Success
Align vision, objectives; be flexible. Implement functional alignment, strong data strategy, and simplify processes for successful finance transformation
Functional Alignment & Support
Understanding the future state of the Organization. Organization structure will be modified and roles will be upgraded to analytics and provide stronger business support. Future state functions should include: Reporting, Analytics and Governance
Evaluate the Data Strategy and linkages to other source systems
From our experiences, the most important aspect to the transformation is the capturing, tagging and linkages to other data sources and build a data warehouse which provides cogent actionable information. This will determine the current strength of the company’s information systems and processes. Map out current state and future state and see what functions can help in aligning with the firms data strategy
Simplifying & Improving on current processes
Assessing the current state complexity and lack of productivity. Improve on process and simplify of future state work flow.
Focus Area: Business Partnering
People
Process
System
- Business Partners
- Finance Director
- Business Developments
- Strategic Projects
- Tactical Initiative
- Communication
- Company operating model
- Value trees
Focus Area: Analytical
People
Process
System
- Financial Analysts
- Business Controllers
- Financial Manager
- Variance Analysis
- Financial Modeling
- Excel
- Data Analytics Systems
Focus Area: Transactional
People
Process
System
- Financial Controllers
- Accountants
- AP Clerks
- Controller
- Reconciliation
- Journal Entries
- Inter-company Processing
- Reporting
- Accounting System
- Expense Management
- Invoice Workflows