Finance Excellence-Finance Transformation

Today’s Finance teams need to add strategic value to the business. In order to do so they need to be knowledgeable and pro-active business partners who drive great business decisions whilst they participate actively at the management table at every level of the organization. Furthermore they should not overburden the organization with overkill of controls and information demands. Having the right set of checks and balances as well as developing an agile KPI dashboard is critical.

They can only do this if they deliver the bread and butter first which are efficient financial transactional processes within a solid GRC (Governance, Risk Management & Compliance) framework.

How do you transform your finance teams to become these great strategic business partners whilst executing the basics at an optimized and well-controlled way?

Do you need to shift to Centers of Excellence, Shared Service Centers or Business Process Outsourcing? We have the expertise and can take you through the process.

Examples

Finance transformation International Group
We ran a transformation program across for the finance function across the International Group. Key success factors were:Recruit leaders that were knowledgeable on the topicEngage with experienced and credible business partners and consultancy firmsStrong upfront benchmarkingEngage top management and all employees involvedRegular clear communication on how the journey was progressing at all levelsApply appropriate resources and stay on the path whilst outside events could have derailed the program The first results were:Programs to align and optimise processes and systems across the International GroupSetting up shared services in EuropeEstablishing a BPO (Business Process Outsourcing) across a fast growing Asia & Oceania regionSubstantially better quality business support from the finance function and improved internal controls at a significantly lower cost
ICE - Internal Customer Engagement, a product of the Gallup Organisation
We implemented the ICE program and could measure a strong improvement in internal customer engagement whilst also the engagement and performance of the employees improved substantially.For reference, an interview of the topic: ICE - Gallup.com

Ready to improve your business results?

let’s get in touch!