TRANSFORMING FINANCE INTO A STRATEGIC & DISCIPLINED VEHICLE
FOR GROWTH
For years, Finance has been challenged with adding greater value to the business while keeping costs low—we have seen progress in achieving these goals. However, with the advent of Sarbanes Oxley and market pressures for timely and accurate information to the street, the challenges facing the Finance organization have never been greater:
- Inconsistent data models that do not allow for consistent reporting of key metrics
- Lack of a unified planning and forecasting process, resulting in delayed forecasts that lack accuracy
- Sub-optimal technology enablers to support basic processes such as financial consolidation, reporting and planning—no consistent technology platforms
- Decreasing cost savings from centralized processing and shared services—requires optimization
- Lack of value and planned savings from ERP investments
Our charter is to enable the Finance organization to step up and address these challenges—none are insurmountable. We believe that the CFO can play a key role in not only taking the Finance organization to the next level, but taking the business to the next level. Today’s leading CFOs are taking on the role of "information czar" for the company—building the information models, processes and technology platforms to bring the right level of information to the key decision makers in the business. It’s not just financial information anymore, but business analytics. Finance operations need to be optimized as well. In the future, a company’s shared service strategy needs to address some of the more mature outsourcing and offshore business models to achieve the level of savings necessary to be competitive in the market.
Archstone Consulting has some of the deepest skills in the industry related to Finance transformation, business intelligence, shared services and outsourcing advisory services. We provide our clients with objective, unbiased advice. Our teams are comprised of senior financial professionals who support our clients' implementation efforts, meeting their objectives and timelines.
To learn more about how the services we provide can help you and your organization, contact CFOAdvisoryServices@archstoneconsulting.com.