Finance Process Design
Increasingly Finance is being asked to do more with less (increase the efficiency and quality of financial operations), but many finance organisations are hindered by the complexity of disparate systems, a proliferation of spreadsheets and varied management processes and controls. This not only hinders the ability of Finance to deliver timely and accurate financial information, but also prevents it from adding real strategic value.
The path to improvement begins with a comprehensive view of finance. Our Finance and Accounting framework helps CFOs understand the critical processes that Finance performs and provides a structure for evaluating the adequacy of the current finance operating model, service levels, gaps and priorities for change. ALaS can help our clients deliver benefits through end-to-end process standardisation, decreasing cycle times and eliminating duplicate processes.
Our consultants utilise their accounting, organisational and technical skills to help enhance the core transaction processing and reporting competencies of the finance function, while strengthening its ability to support management decision-making and corporate strategy.
Some of our services include:
- Re-engineering the close, consolidation and reporting process.
- Finance processes analysis to identify performance gaps and issues.
- Developing and implementing finance controls, factoring in all relevant business, regulatory, governance and internal control requirements.
- Performing reconciliations and performing forensic accounting to identify root causes for unexplained balances
- Designing integrated finance organizations, including mapping of roles and responsibilities of corporate, business unit, and shared service finance groups.
- Designing and implementing detailed finance transaction and reporting processes.