After helping their organizations navigate one of the toughest business climates in memory, many leading finance teams have started a new conversation about ways to keep the momentum going. The relentless focus on cost management and liquidity has left businesses leaner and meaner than ever before and now they’re ready to grow again – cautiously. How can finance take the fight into a growth-oriented environment while keeping costs at bay?
Finance Transformation is one approach that has paid off for many finance organizations, allowing them to drive performance and shareholder value by improving operational capabilities. Getting it right requires linking the broader business strategy to the finance strategy, as well as bringing technology into alignment with the business, which is exactly why companies trust Deloitte to help them with their biggest finance transformation projects.
|Financial services subledger accounting
Data quality continues to challenge many organizations. To ensure they have clean, trusted and reconciled data, organizations are forced to look at their underlying data and establish ways to increase its integrity, management and strategic value.
|Are you using allocations as a management crutch?
In theory, allocations create transparency into financial and operational business drivers. But some companies are now questioning whether they are an effective management tool, a crutch – or an obstacle.
|A fresh look at the age-old challenges of planning, budgeting and forecasting
Babies, bathwater and best practices: Rethinking planning, budgeting and forecasting.
|Fiscal cliffhanger: Steps CFOs should consider now
A look at some options that either closely held or publicly traded companies can potentially use to help offset fiscal cliff uncertainty.
|Decisions that matter - and how to make them better
Opportunities where CFOs and CIOs can collaborate to drive more effective decision-making throughout their organizations.
For many finance teams, the fight begins at their own office doors. They performed admirably in a pinch, but they’re far less effective and efficient than they should be – struggling under the weight of tangled processes that no longer make sense, technologies that have accumulated virtually unchecked for years and an army of finance professionals caught in between.
Finance Transformation is one demonstrated way for finance organizations to regain their footing for growth and return to what made them great in the first place. But it’s a big job – usually bigger than anyone expects and almost certain to spread into parts of the business that no one can anticipate. If you’re considering taking on a Finance Transformation effort, it’s time to put on your game face.
Many finance transformation leaders report that they build their approach from scratch, making it up as they go along. There’s no such thing as a transformation playbook, they say. While it’s true that each organization has different needs, it’s also true that transformation projects across many industries and companies share many of the same challenges. Deloitte’s finance transformation practice is recognized as a global leader, known equally for insights into the challenges of finance and for our mastery of the technology required to bring about change.
Here are some of the services we offer:
|Meet Steven Ehrenhalt
Principal, Deloitte Consulting LLP