Finance
From measurement to management
The challenging and fast changing economic environment, increased focus on corporate governance and shift in accountabilities driven by new regulations is forcing CFOs to rethink their role. In order to be successful, today's CFOs need to find a balance between driving financial performance and restoring public trust in corporate self-governance. He needs to captain a number of diverse roles from steward to strategist, from operator to catalyst.
Our expertise
Deloitte’s CFO services team assists CFOs and finance functions with improving the value they provide internally within their organization and externally in the marketplace. We advise the CFO in their unique position as integrator of business strategy, performance management, operations and corporate governance. CFO services offers strategy, diagnostic, design and implementation support in four key areas.
Performance management
Integrated Performance Management (IPM) is a structured management approach for translating strategic objectives into operational results through a lens focused on value creation.
IPM is achieved through a series of integrated Finance performance management processes delivered on an integrated technology platform.
By considering the guiding principles of focus, alignment, integration and behaviour at all stages of the performance management cycle we align the efforts of the workforce with the strategic intents of the organization.
Financial modelling
In many organisations, CFO turnover, business reorganisations and major transactions have triggered significant re-evaluations of Finance capabilities. This in turn has led to major transformation programmes in finance which impact whole organisations, not just finance departments.
The modern CFO is expected to fulfill four key roles; steward, operator, strategist and catalyst. For a CFO to be successful, they need to ensure they have the right capability in their finance function to meet performance expectations for each of these roles.
Cost management
- Working as strategic advisors to the board
- Providing implementation management, resources and expertise
- Partnering with third parties for implementation of large scale transformation solutions
CFO advisory
Working capital is very often an area capable of delivering rapid cash benefits. Efficient working capital management can save a company’s existence during the downturn. It can also build a solid foundation for the execution of strategic projects during the prosperous period.
The work is typically structured around Improvement of cash collection from accounts receivable, payment run for accounts payable and rationalization of inventories.
