Finance Transformation - Our approach
Finance is the lifeblood of an organisation, with high expectations from stakeholders. An effective finance function includes all aspects of finance, tax, treasury and risk management, while delivering value and driving strategic objectives.
These roles are often at conflict with each other and the challenge for CFOs is to create a finance function that has both the capability and the flexibility to meet performance in these areas.
Our approach to your challenge
Our value driver and enabler model is the starting point to assess the current state of the finance function against leading practices and create an improvement plan or transformation roadmap.
We work with CFOs to deliver and improve value in the six key areas of their responsibility, the ‘Value drivers’, across the finance organisation (Performance & decisions, Risk & capital, Strategy & execution, Transaction processing, Close, consolidation & support, and Regulation, governance & controls) and four ‘Enablers’ (Systems & information, Policy & process, Finance organisation, Talent & people), which support the execution of the transformation.
The benefits Deloitte can deliver for you
To drive improvements, we focus on reviewing the current state of the finance function against leading practices and identifying gaps across four key areas:
- Policy & process
- Finance organisation
- Finance systems & information
- Finance talent & people
These gaps are addressed by defining a plan and helping CFOs to redesign and implement improvements.
Please do not hesitate to contact a member of the Finance Transformation team with any queries you might have.