Today's CFO faces tremendous pressure to balance the needs of the organisation with external demands to create sustainable excellence and demonstrate the value it adds.
However, many finance organisations today are hindered by the complexity of disparate systems, a proliferation of spreadsheets, and varied management processes and controls. Our experience in working with hundreds of global leading companies reveals that maintaining multiple finance environments with differing policies and systems across many operating units has become inefficient, costly and generally unwieldy. This not only hinders the ability of finance organisations to deliver timely and accurate financial information, but also prevents them from adding real strategic value.
As companies in China continue to grow at double digit rates and access foreign capital markets, there is a need to design a finance function that is efficient, flexible and can support the organisation to address future issues and demands.
The convergence of regulatory, global and market drivers are requiring CFOs to re-assess the structure of their finance organisations as well as the role they should play. The finance function is often under intense pressure to provide greater transparency and help manage business performance, while reducing the costs of its operations.
With such pressures, CFOs must expand their role from being the traditional scorekeeper to an active business partner, advising on strategic planning, operating efficiency and, ultimately, value creation.
Achieving an effective finance function requires a framework that helps you to design and implement transformational solutions.
The path to improvement must begin with a comprehensive view of finance. Our Finance Visioning Framework helps CFOs understand the critical dimensions that together influence the effectiveness of the finance function and provides a structure for evaluating the adequacy of the current finance operating model and service levels, identifying gaps and setting priorities for change.
Our people will utilise their accounting, organisational and technical skills to help enhance the core transaction processing and reporting competencies of the finance function, while strengthening its ability to support management decision-making and corporate strategy. In delivering a comprehensive solution for Finance Effectiveness, it is important to consider key enablers such as Technology, Data Services and Change and Programme Effectiveness.
Some of our comprehensive services include:
Our Finance Consulting services help organisations increase performance by improving the efficiency and effectiveness of their finance processes.