High performing finance teams add value to their business by focusing on activities that support decision making and optimise performance. Transformation of existing teams drive process efficiencies, creating the time and space for limited resources to be allocated to new strategic activities.
Transformation Roadmap
18 short-medium term recommendations
Analysed the existing finance function and made a series of recommendations that allowed the function to be transformed internally
The Business Problem
Our client had a clear strategic vision but limited by their ability to extract valuable insights from their finance function, which they had decided to restructure. Prior to finalising their internal resourcing, they needed advice to develop a change program, which they planned to execute internally.
Optimisation Opportunities
Gain a fresh external perspective on the value and effectiveness of the finance function
Access latest thinking and best practice from highly experienced professionals
Alignment of Finance team resources and systems with Strategic direction, whilst also taking the current Financial Position into account
Develop a detailed implementation plan for internal execution
Effigy Consulting impact
Fast turnaround, project was delivered in 12 days, meaning recommendations were received in sufficient time to inform the recruitment process
One off project ensured the cost base was not overburdened by resources the business does not need on an ongoing basis
Established a baseline level for the service to be provided by the finance team
Set the 30-60-90 day plan for the incoming Management Accountant