The ‘Last Mile of Finance’
We speak with many organisations who have invested in technology to improve their financial consolidation, planning, or reporting processes. And yet, the ‘Last Mile of Finance’, the production of documents, such as a monthly report books, regulatory submissions and annual statements, remains a silo’d and manually intensive process that consumes the valuable time of the finance team. This article investigates why this is and how it can be addressed as a simple first step on your transformation journey.
Continue reading “Starting your journey to Finance Transformation”
Programme assessments can help CFO’s rapidly shape the tactical “new normal” and make informed decisions about their programme’s future.
As we head further into the new normal, many CFOs’ will be left facing a financial shortfall, scarce resources and conflicting priorities which require them to make difficult decisions about whether to proceed with their planned digital transformation programmes. Organisations with a mature digital operating model pre-COVID may have been able to adapt and survive more easily than those with without but either way, CFO’s will be under pressure to invest in tactical digital programmes which help sustain the survival and move an organisation to the new normal. Time and cost already invested, business and investor expectations and commitments made, can make it challenging to reach the right conclusion in a short space of time.
Continue reading “Is now the time to cancel your Digital Programmes? Part 1”
In our third article of this series, we look at the risk around software and vendor selection. What risk needs managing when buying an external SaaS product into your finance team?
Generation CFO’s recent research into the impact of coronavirus on business in the UK, found that “implementing cost control” was the second-highest priority for CFOs. 75% of respondents stated that cost control was “critical” or “very important” to their immediate goals and actions.
Continue reading “Unhappy partner – the project risk controllers must fix”