Ability. Quality. Delivery.
Delivering the finance function and addressing its challenges: how well are you doing?
Deloitte’s CFO Services is a privileged partner to assist EU Finance Functions to successfully operate, modernise and anticipate 21st century demands and challenges. This concerns not only the enhancement of traditional back-office and control activities, but also the implementation of new techniques to increase efficiency and add more value, while aligning to the requirements of EU Regulations.
Deloitte’s CFO Services encompass all of Deloitte’s capabilities to help Finance Officers improve in the multiple roles they play – from reporting and controls to finance operations to strategy and execution – and address the challenges their finance organisations face.
Deloitte CFO does not offer a standard toolbox, but solutions which are building blocks to be integrated in a tailored offering to meet your requirements and priorities. We support CFOs in transforming their finance function, whilst ensuring that the organisation continues to perform its core accounting and reporting duties effectively and efficiently at all times.
Finance Transformation Strategy helps CFOs to identify the weaknesses in their finance organisation, to prioritise required change efforts and to define the optimal operating model i.e. to best increase its value to the organisation and manage key finance activities more efficiently. This includes building a roadmap on how to achieve this desired state.
With our structured analysis tools, covering all the finance function processes and enablers, we can help you to redefine the finance function and to set priorities quickly.
Financial Close and Reporting Optimisation (FCRO) helps you to align your people, processes and systems to support timely and accurate closes and insightful reporting. FCRO will enable you to generate the type of quality financial data needed to make effective strategic decisions.
Our integrated approach ensures that all people, process and technology constraints within the financial management close and reporting process are identified. Building on these insights, we can help you understand the improvement potential and develop a more efficient and effective future process.
Financial management is often viewed too narrowly when managing large organisations. Many organisations traditionally consider it important for budgeting and reporting, but less than optimally applied to business strategy and operations. This is changing. Leading organisations are starting to apply finance to business in a much more comprehensive, consistent and analytical way. Our research and experience demonstrate that finance can lead, rather than lag, business transformation. It can provide the crucial underpinning to improving strategy and business operations.
Financial transaction processing is more than merely the capturing of financial data or performing accounting transactions. It involves a set of activities that are the foundation of doing day-to-day business:
The EU’s growing powers coupled with modern and complex instruments create new challenges for budget implementation and the efficient and transparent use of public funds. Project risk and control monitoring are not sufficient anymore: continuous improvement is also expected. Our team of experts offer assistance in:
Accounting modernisation leads to change in the accounting practices at the Commission and other Institutions. We provide assistance to the Financial Units in designing control frameworks, implementing accounting quality controls, and defining cut-off procedures and reconciliation processes.
Moreover, an important success factor lies in ensuring adequate assistance to operational staff using central or local financial information systems. We have a deep expertise in elaborating tailored user guides and accounting manuals and in providing training sessions.
Our services provide assistance in the assessment of efficiency and transparency in the spending of public funds through process modelling in the areas of grants and procurement management. Deloitte thus helps projects to be implemented smoothly while preventing the threat of irregularities or loss of awarded grants.