Finance Function Transformation

Finance Function Transformation. What defines a high performing finance function? How does a high finance function balance all three objective- control, efficiency and insight. Symptons creating a case for change. Our point of View. The operating model thus designed will help align the. Benefits envisaged from Finance Transformation. Adding value to.

How does a high finance function balance all three objective- control, efficiency and insight?

Sub-optimal process related: Spiralling costs of compliance; Shared services are not operating effectively; Inefficient tax planning processes.

Efficiency Value for money- are our processes efficient and are we applying an appropriate and cost effective resourcing model? Benchmarking - how do the standards of efficiency we apply to our finance function compare to best in class? What can we learn from other organisations? Automation - are we making effective use of the technology available and automating those processes and tactical spreadsheet solutions that do not require human intervention?

Culture of continuous improvement Provides adaptability/scalability Enhanced customer service Improved accuracy, timing and quality of information Easier to leverage Best Practices Better leverage of learning curve.