Finance Process Improvement
Evolution to higher performance
- Does your company's finance cost exceed 1.5% of revenue?
- Is your payables processing efficiency below 6,000 invoices per person per year?
- Do you allocate 80% of your cash receipts manually?
With the Finance Process Improvement service offering, Deloitte assists companies to improve their financial processes, achieving increased productivity and reduced costs, and enabling more focus on value-added activities. We have a scalable approach, whether a company is looking for a quick, targeted diagnosis or an in-depth analysis.
We help clients assess the current state of their finance processes and systems through benchmarking and best practice comparison.
Secondly, we identify clear process and system improvements and evaluate them through a cost-benefit analysis.
Thirdly, we prioritise and implement the improvements with the client’s team and monitor the realisation of benefits carefully.
Your benefits:
- Develop understanding of current performance levels
- Obtain best practices for each process
- Target quick hit opportunities
- Prioritise remaining opportunities for improving processes
- Justify expenditures for new technologies
- Strengthen organisational focus on performance issues
- Better input/output ratio of the finance process
- More reliable 'industrialised' finance processes
Material on this website is © 2013 Deloitte Global Services Limited, or a member firm of Deloitte Touche Tohmatsu Limited, or one of their affiliates. See Legal for copyright and other legal information.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.