" Exceder Group's ability to communicate clearly and provide informative insights into the decision making process; how they affect the bottom line; and how it affects the results we are trying to achieve has been overwhelmingly beneficial."
Finance transformation is an approach that aims at making improvements by means of elevating efficiency, effectiveness and quality at a reduced cost within the finance function. There are four major areas that can be identified as being subjected to change – Strategy, Process, People and Technology. The key to finance transformation is to fundamentally rethink how finance does their work and determine how they can best re-engineer these processes to achieve “Best Practices” to become a world-class finance organization.
Benefits of Finance Transformation
There are numerous benefits that can be realized by transforming the finance function. These can include:
Lower Cost - transaction-processing improvements are typically between 20% - 40%.
Best Practices - world-class performance metrics results in significant performance improvement
Strengthening the Control Environment – eliminates significant risks and supports compliance with SOX
Business Partnership – enables more focus on higher value activities, e.g., financial planning and analysis
Integrated Processes - enables better performance in terms of revenue and profitability goals.
Fully Leveraged Technology - enables increased internal & external customer service levels
How Exceder Group Can Help Your Organization
Exceder Group can provide your organization with an objective and independent viewpoint of your current finance processes and capabilities. In addition, our proven methodologies and tools have been used successfully at many other companies with their finance transformation efforts