CFO Insights – Beyond Concierge: Transforming the FP&A Operating ModelHelping you breathe easier |
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Issue
CFOs are being challenged to help their organizations realize cost reductions and deliver operating efficiencies in their finance organizations. Consider the Financial Planning & Analysis (FP&A) operating model as a key area for change.
Opportunity
FP&A has become progressively decentralized and inefficiently operated. Creating more value from FP&A is often overlooked but can generate millions in savings.
Perspective
In the current economic climate, finance as a concierge is no longer practical, and its operating model has to change with the times to improve efficiencies by standardizing and selectively centralizing key capabilities. CFOs should consider three key opportunities for reducing costs and creating more value from their FP&A, as well as specific execution methods for getting the job done right. But how?
Call to Action
Every CFO can lead by example by centralizing key processes and reducing the demand for FP&A activities. Driving this transformation requires engaging business unit leaders and sharing a vision of a restructured finance organization that maintains optimal service levels. Read “Beyond Concierge: Transforming the FP&A Operating Model” for considerations and creative solutions.
Deloitte’s CFO Program harnesses the breadth of our capabilities to deliver forward-thinking perspectives and fresh insights to help CFOs manage the complexities of their role, drive more value in their organization and adapt to the changing strategic shifts in the market.
As used in this document, ‘Deloitte’ means Deloitte LLP (and its subsidiaries). Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
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