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Finance function development strategy

Goals and Challenges

  • Set up a finance function that will efficiently and effectively support your business
  • Define the target state of the finance function
  • Determine plans for development and the priorities of the finance function
  • Implement efficient and effective financial processes
  • Provide management and investors with information that brings together financial, operational and production metrics, along with budgeting data

What we do

Deloitte CIS is experienced in creating strategies for improving finance functions, implementing target operational models for finance departments, which includes the optimization of methodology and reorganizing business processes in the financial departments of the largest businesses in the CIS. We help our clients to evaluate the current state of the finance function, work out its target state, and enact the necessary changes required to increase the efficiency and effectiveness of the finance function.

Our approach

While working on a project, we form the vision of the finance function both “as is” and “to be” model, which involves defining the processes to be supported by the finance function, developing a detailed implementation plan, and assisting our clients with implementing solutions required to optimize the finance function. We also make the most of our international experience when building optimal operational models for finance functions.

How your business will benefit

The project results include finance function strategy and development plan for the main finance division components and comprise of the following elements:

  • Finance strategy;
  • Finance function organization;
  • Budget management system, management reporting, working capital management and treasury function conceptual design;
  • IFRS reporting principles;
  • IT-system architecture;
  • Transformation roadmap.
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