As a function of Financial Affairs, guide company management through all important decisions with strategic analyses and a holistic point of view.
Today, the strategic roles and responsibilities of CFOs are changing along with changing trade conditions. Financial Affairs, once considered a function that controls costs and expenses, focuses on compliance with legislation and spends little time adding value, is now expected to provide necessary support during decision making processes as a partner and guide in the transformation process which will be necessitated by new work models.
We help restructure Financial Affairs unit organisation, processes, and technology structures, and help them implement the necessary transformations/changes, transforming the Financial Affairs function and the CFO and making them the most important decision support providers for upper management, placing more focus on tasks which generate added value, and minimising the time spent on operational tasks.
This includes all Financial Affairs activities that will help company management make better decisions. This field includes all the processes (strategic planning, budgeting, management reporting and analysis) of Corporate Performance Management, so it helps Financial Affairs units assume an active role in company management.
Efficiency is ensured by improving processes and the effective utilisation of technology. Shared service centres or outsourcing is also possible, to simplify and standardise processes. Costs can be minimised in these ways.
This is a subject that ensures CFO agendas are full. In the future, Financial Affairs must be cost effective, and optimize risk management, compliance with legislation and control.
How do you ensure balance between the decision support, profitability, compliance and control perspectives?