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Finance function development


Finance function development strategy
Finance function operating model should be able to adapt to the company’s changes. At the same time, finance function must still meet business requirements. In terms of dynamic business growth maintaining an effective finance function in the long run is of utmost importance. Many finance executives encounter the need of creating a strategy for finance function development aligned with business strategy. It is important to create the vision and target business processes development model for finance function.

Finance function diagnostics and benchmarking 
How can finance function effectiveness be measured? Which industry practices can help improve the efficiency of the company’s finance department? How do finance divisions of other companies in the same industry address similar problems? These questions are faced by many finance executives. The solutions we provide to our clients answer both specific problems of separate subdivisions, and complex issues related to the finance function in general.

 

Finance function target operating model
Finance function target operating model is designed to implement process changes. Proper target operating model design is a key success factor for strategic goals integration into the company’s economic model and further implementation of appropriate business processes through IT systems.

Finance function personnel assessment and job descriptions development
Finance function effectiveness depends on its staff qualifications. Finance executives often need to evaluate how well staff competencies match business requirements imposed on the finance function. Performing this task competently requires sufficient expertise, qualification and a reasonable amount of time. We have extensive experience in delivering successful evaluations of finance function staff, which enables us to provide our clients an integrated approach in solving these tasks and to take into account relevant practical requirements of the company’s business.

 

Finance function integration
Mergers and acquisitions often prove challenging for management, in terms of integrating finance functions of the companies involved. Due to extensive experience in successful finance function integrations, Deloitte offers effective solutions for finance function reorganization, change management, and reduced restructuring costs for the buyer.

 

Finance function IРО readiness
During IPO process, a company needs to assure future investors that its corporate governance processes comply with best global practices, risk management systems are reliable and the company can issue its financial statements on time. A broad experience in IPO readiness projects allowed Deloitte to develop a unique methodology making the IPO preparation process as simple and effective as possible.

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