Practice

What we do to help

Insights

Implement innovative processes for cost insights and opportunities.

Optimization

Access and optimize the performance of your finance teams

Automation

Define an organizational culture focused on process & automation

Integration

Integration of data sources from other functions

Our Practice

Our practice is a customized approach to each CFO’s need.  A finance transformation program needs to align both with the overall strategy of the organization and the expectations of your key stakeholders For most CFOs, unfortunately, assembling a financial snapshot that contains “great detail and insight” can be a lengthy process or is not readily available. They don’t have the technology or efficient processes mindset to paint an accurate portrait of the business or, if they do, they can’t generate it quickly enough for it to be of great use.
What is needed at these companies?

The Evolution of Finance Function

In these strategic digital transformation projects, our end goal was to reduce expenses, streamline processes, and redefine roles to enhance analysis competencies and better controls. We provided reporting using a single data source with drill-down capabilities at all levels, catering to various roles like C-Level (summarized analysis), Director/SVP (higher-level analysis by department/function), Controller, and analysts (detailed transaction level and P&L reporting). The time saved through process efficiencies resulted in improved analytics, driving better bottom-line outcomes for businesses. This led to reduced employee turnover and increased satisfaction as staff development and training were leveraged in other areas of the firm. However, CFOs without sophisticated financial reporting technology could face hindrances in planning and strategy development.

Most finance executives surveyed believe that the benefits outweigh the challenges when implementing cloud and big data solutions. These two key tools significantly enhance reporting and planning capabilities, leading to better insights and informed decision-making. Embracing modern technologies empowers finance departments to stay ahead in today’s rapidly changing business landscape. By adopting cloud and big data solutions, companies can unlock the potential for more efficient operations, accurate reporting, and strategic foresight, providing a competitive advantage in the market.

Benefits to Financial Transformation and Data Strategy

What Business Problems we are trying to solve

Implications

Operational Dashboards

Strategic Dashboards

Analytical Dashboards

Who will be using the dashboards

Implications

Operational Dashboards

Strategic Dashboards

Analytical Dashboards

What gaps exist in our performance

Implications

Operational Dashboards

Strategic Dashboards

Analytical Dashboards

What are our goals

Implications

Operational Dashboards

Strategic Dashboards

Analytical Dashboards

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