Assessments and Roadmapping

Empowering Finance to be a strategic partner to the business is one of the key steps in expanding the Finance function to be more than gathering data and producing reports. With the right processes and tools in place, finance can play a strategic role in meeting the challenges of today’s business environment. From better alignment, insight and action of transactional and finance data to better budgeting and planning, Strafford can be your partner to make the transformation of finance a reality.

The basis of a modern finance is directly related to the following functions:

  • A More User Empowered and Efficient Reporting Process
  • Immediate and Reliable Access to Actionable Data and Information
  • The Definition of the Key Metrics that Drive and Impact Your Business

As part of the assessment of options to transform finance, Strafford will present and demonstrate how would the latest in Enterprise Resource Planning (ERP), Enterprise Performance Management (EPM) and Business Intelligence (BI) technologies be leveraged to aid in the initial transportation and log sustainability of newly introduced finance functions.

Evaluating the efficiency of your finance function on regular basis will help you uncover any gaps that exist between strategy, process and technology. Through periodic gap assessments we can help you understand where your deficiencies may lie, and how to implement a plan for improvement.

Our Assessment objectives include:

Strategy

  • Approaches on How to Integrate Strategy with Enterprise Planning
  • Better Business Insight
  • Understand the Strategic Impact of Financial Modeling
  • Minimize Risk
  • How to Enhance Enterprise Value
  • How to Reduce the Cost of Capital?
    • Financial and operational resources matched to capital required to execute strategic initiatives
  • Aligning Your Data with Your Goals and Objectives

Process

  • Understand How You Plan to Operate, Measure and Monitor Your Business
  • Identify Business Goals and Related Informational Needs
  • Uncover Gaps to be Addressed Including Operational, Process, Skills, and Technology
  • Gain Perspective on Roles, Interdependencies and Potential Impact of Information round Operational Accounting, Reporting, Profitability, Budgeting and Planning

Technology

  • Improve Productivity with Packaged Financial Modeling Tools
  • Understand Current Technology Environment and Options
  • Go-forward Strategy (Information Needs, Goals, Time Frames, Resources, and Budgets)
  • Increase User Adoption of the New Tool
  • Purchase a Tool that is Simple and Easy to Maintain and Support by Finance
  • Help you to Understand and Reduce Your TCO (Total Cost of Ownership)
  • Quickly Deploy and Implement with Minimal IT Support

 

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Contact us to learn more about our Assessments Service