The Transformation of the Finance Function

 

Increased regulatory requirements, transition to more digital way of business, manage higher risks...

 

These are few of the new challenges that CFO’s are facing today.

 

Because of the digital transformation, companies need to focus on data sources and transaction level information. Handling slow and cumbersome spreadsheets are signs that companies ERP's are not set up correctly.

The finance function is expected to serve and support the business on both commercially and strategically, in addition to external reporting. This can't be achieved if the time is used on data collection, cleansing and manipulation.

Finance Transformation

Back office and compliance are no longer the only responsibilities which the Finance function is taking :  it has also to be efficient, effective, integrated and flexible while assuming a significantly broader commercial support role.

As AI (Artificial Intelligence) is rising, a large majority of Finance teams do not master the information available and make intensive use of slow and cumbersome spreadsheets for reporting.

 

In addition, increased and more complex compliance and regulatory requirements will require a better and faster reporting.

The Finance function is expected to serve and support the business on both commercially and strategically aspects while mitigating risks and analyzing reasons for failure.

In order to achieve such goals, Finance leaders have to have to roll out pragmatic transformation programs which cover:

Finance function efficiency

Automation of processes such as source to pay (S2P), order to cash (O2C) and record to report (R2R).

Improved service quality, resource capacity and productivity. Great value for money.

Finance function efficiency

Automation of processes such as source to pay (S2P), order to cash (O2C) and record to report (R2R).

Consultancy and On Demand services

Change management, new product commercialisation? Or simply compliance or risk management?

 

Our know-how and competences will help your company to deliver on time and reliable financial information for both internal and external partners.

 

 

On an on-going or punctual basis, we can match your needs to ensure your operations are not disrupted during the reporting and consolidation process.

Do not hesitate to use the contact form below to enquire more information.

Request more information about Consultancy and On Demand services

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Interim Management

Do you have a project which requires a specific set of skills? Or a team member absent?

 

In choosing Interim Management your benefits are to work with the best professionals who will bring pragmatic and results-driven solutions for your projects.

Able to cooperate at both board and operational levels, we have a positive impact in deploying fast changes and transition plans.

As projects management require specific set of skills, we can support from the strategic thinking, management and operational angles.

With clear RACI (Responsible, Accountable, Consulted, Informed) we work in close relationship with stakeholders and executives on the projects state.

Project Management

Managerial and operational know-how, ERPs integration, EDM solutions, strategy redefinition, etc.

Project management methodology ; clear RACI defined with the client and staff collaboration.

 
 
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