Our financial management practice is at the core of what Deloitte offers as it focuses on creating and managing enterprise value. Today's chief financial officer is the operational and strategic leader of a crucial enterprise-wide function, whose core processes, resources and technologies impact virtually every organizational activity. We provide a complete suite of services to support the CFO, from end-of-period closing to consolidation & reporting and from performance measurement to business risk identification, revenue cycle enhancement all the way to process outsourcing.
Our financial management team helps organisations in the public & private sectors to automate and accelerate the consolidation process, improve cash flow, streamline processes, optimise their cost base, increase the relevance and timeliness of communication and financial information, measure and manage their business performance, and transform their support service operations. The team also provides financial expertise to IS & ERP systems implementation projects as well as on – going support regarding adoption and migration to IFRS related matters. To that end, Deloitte has formed a specialized team comprising of professionals with complementary skills to assist the finance function in their strategic, tactical and operational decisions. Furthermore, through an extensive collaboration with the audit, information technology and risk management professionals of our firm, the financial management team can offer our clients solutions that are second to none in the market.
To achieve that, an integrated infrastructure must be developed to acquire and manage your company's business intelligence. Decision makers demand faster access to key information to support business decisions, requiring a higher-level of information that analyses data from all areas of the company, including for example supply chain processes that are outside the finance division. New and improved business intelligence tools for consolidation, budgeting, planning, forecasting, profitability and decision support accelerate the planning cycle and give you, as a manager, more time and support on decision making based on accurate and timely information. Utilizing specialized consolidation, accountancy, and MIS software applications expertise means that we can provide the solution that fits your business and IT strategy.
In addition, Deloitte has developed a series of methodologies globally, which are flexible and modular having great applicability to the Financial Management process. Such methodologies are the PROFIT, ACTivate and BlackInk methodologies which are specific to the financial management service line. These are utilized in conjunction with our express and design methodologies, which are extensively used in financial S/W system implementation and financial process transformation projects.
In this way, our financial management consulting team helps our clients to:
• Build an efficient and effective financial management function focusing on people, processes and technology.
• Design and implement financial consolidation, management reporting and business intelligence tools to provide quality financial and non-financial information to support planning, decision making and control.
• Design and implement effective management processes.
• Specify, select and implement financial consolidation, accounting and reporting information systems.