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 value driver and enabler model is the starting point to assess the current state of the finance function against leading practices and create an improvement plan or transformation roadmap.
We work with CFOs to deliver and improve value in the six key areas of their responsibility, the ‘value drivers’, across the finance organsation (performance and decisions, risk and capital, strategy and execution, transaction processing, close, consolidation and support, and regulation, governance and controls) and four ‘enablers’ (systems and information, policy and process, finance organisation, talent & people), which support the execution of the transformation.
To drive improvements, we focus on reviewing the current
state of the finance function against leading practices and identifying gaps
across five key areas:
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