Performance Improvement: Finance

In today's market, Finance Functions are under increasing pressure to improve performance. The focus for many has turned to Insight, in place of the recent emphasis on control and efficiency via streamlined back office models. You will have to choose among your competing priorities:

  • Providing insight and challenge: Insight involves, among others, understanding the key business drivers & challenging as well as supporting business decisions around these drivers, and delivering an effective performance management framework. Equipping Finance to deliver effective support on these aspects requires tools and capabilities which are often new to the function.
  • Driving efficiency: The pressure to deploy funds and resources related capacity has never been greater. Savings may result from the elimination of redundant activities, consolidation of certain activities (e.g., through shared services), standardization and automation of processes. These steps have in some instances resulted in significant gains.
  • Maintaining compliance and control: Being accountable to the business, the financial community and the owners, CFOs have focused on compliance and control. Flexibility to response to future regulatory change is also increasingly important. However, now, more deeply embedded and sustainable solutions are required.

Balancing the tension of these demands means keeping one eye on the details, and the other on how to realize the vision.

We support you optimize your Finance Function structure to improve your contribution to the business and stakeholders by ensuring that Finance addresses the challenges of achieving appropriate standards of control, efficient back office opportunities and support to the business through insight and challenge.

Implementing cost‐cutting/ cost management and control measures that maximize efficiency (without compromising growth potential and long‐term sustainability) is a tricky proposition.

Our focus areas in serving your needs include the following:

  • You are concerned about aligning Finance with the business by following the best governance practices, and providing an effective performance management and challenge mechanism.
  • You want to reduce the costs and improve the Finance function efficiency.
  • You are concerned about achieving a reasonable balance of controls that do not constrain your business.
  • You are challenged to setting up shared service and outsourcing arrangements and are keen to ensure sustainable benefits.
  • You want to move to a desired state and want to explore how to embed change capabilities into your Finance function.

[You may wish to progress reviewing our offering 'Family Business Solutions' by clicking the TOP rule line based 'What we do' button.]

  • Accommodating and resourceful, even in non-business hours. It was incredibly interesting to work with Genesis Consulting because they provided creative support on the assignment ...
    Omar Babtain,
    Founding Partner, Sugar Refining, Bahrain.
  • Exuding quality with commercial, technical and proactive judgment.
    Eng. Ayman A. Al-Shibl,
    Chairman of the Board, Saudi Superlit, Riyadh.
  • Genesis Consulting principals … very well known for expertise and thorough advisory services ...
    Prince Turki Bin Khalid Bin Faisal,
    Shams Media for International Publishing & Development LLC, Riyadh.
  • A winning blend of technical excellence and business acumen … a pleasure to work with Genesis principals...
    Mahmoud Elshorbagi,
    Managing Director, Five Star Flour Mills & Animal Feed Group, Cairo.
  • Grossly dissatisfied in dealing with this Brand multinational advisory firm in Damascus, I finally tracked down the Genesis Consulting CEO in Riyadh and had him fly-out to Syria to sign four advisory mandates...
    Group CEO of a prominent private sector Group in various activities,
  • Genesis Consulting provides the best of both worlds - a Big Four service quality, at a super value for fees and care of a boutique firm...
    Dr. Othman Altuwairgi,
    Chief Executive Officer, SWAN Medical Company LLC, Riyadh.
View all Testimonials

You need capital?

Our Private Equity Networking Services have got connections.

Let us make the introduction.

Home | Who we are | What we do | Alliances | Industry Issues | Insights | Learning Center | Doing Business X-Border | Careers | Contact Us
© 2015 Genesis Consulting WLL . All Rights Reserved.