As any CFO who has undertaken finance transformation knows, it is difficult and time-consuming. It requires careful planning and resources, and can be costly, especially without proper planning. But finance transformation is also critical if finance is to keep up with the changing needs and strategies of the business. Deloitte helps finance leaders address the most critical priorities in enabling the finance function to support and create value for the business — from establishing finance as a trusted partner to the business to developing a high-performance operating model, improving core processes, and managing ongoing performance.
Our Finance Transformation offerings
Not only does finance transformation engage virtually every aspect of the finance organisation and the business itself—it requires integrated capabilities, ranging from technical to strategic. Our Finance Transformation services address critical issues facing finance across major industry sectors, including vision and strategy, organisation and talent, business processes, and technology. Each offering is composed of select finance transformation services configured to provide more value to our clients.
Business finance
Performance management. Planning, budgeting, and forecasting. Cost and profitability management. Capabilities in these areas can serve as a catalyst to the finance organisation—but they can just as easily keep it stuck in the same old ruts if not managed properly. Clients tap our business finance offerings to realise specific business objectives through these areas and more.
Our offerings include:
Principles of performance management
Planning, budgeting, and forecasting
Cost and profitability management
Management reporting and analysis
Business partnering
Finance strategies
When the stakes are high, incremental change may not be enough. It may be time for a change in direction. Whether you’re navigating regulatory changes, managing through a crisis, going public, or experiencing some other major shift, we help put in place finance strategies that are built with business results in mind.
Our offerings include:
Finance strategy
Capital management
IPO (Day 1) readiness
Events and turnarounds
M&A finance
In the face of a merger or acquisition, will the finance organisation move to a joint function or will it divest functions? We have deep experience with both and work with you to choose the desired path for your organisation to keep risk and costs in check.
Operational finance
The finance organization is only as strong as its foundation. That’s why we’ve built a practice that excels in its focus on core operational processes such as order-to-cash, procure-to-pay, and more—foundational elements for enabling top-line business strategies.
Our offerings include:
Order to cash
Procure to pay
Fixed assets
Close, consolidate, and report
Shared services design and implementation
Outsourcing design and implementation
Service delivery model design
Form follows function—the way your finance organisation is structured should directly reflect and support its role in the business. Many finance organisations across various industries are being asked to provide more insights and proactive decision support while reducing costs. The order of the day seems to be do more with less, leading many finance leaders to seek new operating models to tackle the dynamic marketplace.
Deloitte’s Finance Operating Model offering focuses on developing a more effective and efficient model for finance operations.
The future of finance digital transformation: Crunch time
From cloud computing and robotics to analytics, artificial intelligence and automation, a new class of digital disruptors is transforming how business gets done. Expect these disruptors to have a big impact on the future of finance organisations. But what exactly will their impact be? What is the future of finance in the face of these developments?
