Finding methods for business improvement to drive shareholder value and profitability is a challenge for companies today. By implementing procedures to simplify business processes, companies should be able to drive innovation and long-term profitability. In an increasingly complex world, the companies that keep it as simple as possible – while effectively serving their customers – will be the winners.
Streamlining finance processes can improve information quality and allow more time for strategic, value-added initiatives. The redundant and inefficient processes that plague most finance functions make it difficult for the finance team to dedicate itself to any decision-support activities. Improving basic finance processes can help increase efficiency and effectiveness, improve controls, align costs and shift focus to decision support.
This shift in focus can help align the finance function with overall corporate objectives and meet the expectations of company stakeholders.
Deloitte’s proven Business Process methodology helps client organisations to enhance the efficiency and effectiveness of the business process.