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Finance function target operating model

Goals and Challenges

The target operating model (TOM) forms the basis for implementing process and information system changes.

The target operating model:

  • Reflects the company’s strategic goals
  • Links operational capabilities to performance indicators
  • Determines the best practices for implementing ERP system processes

Our services

We assist our clients in the development of target operating models that combine corporate objectives, competencies, processes, procedures, and systems, and are designed to ensure optimal organization of financial and economic management and efficient use of resources.

Results

The key elements of TOM are:

  • Detailed list of business processes
  • Descriptions of business processes taken at a macro and micro level
  • Roadmap
  • Distribution of responsibilities between finance function and business units
  • Key roles
  • Finance function processes and tasks to be covered by IT systems
  • Key information system requirements
  • Key changes for SSC implementation
  • Change requirements for accounting, management and tax methodologies
  • Concept design of business applications in IT
  • Key management reporting system requirements
  • Accounting system architecture (RAS, IFRS, Taxes)
  • Design principles of main value lists
  • IT analytical requirements
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