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.]

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