This is the first of five blog instalments on how delaware’s Finance Transformation Roadmap can help you move your organisation towards becoming a ‘Best in Class’ business partner. We will explore three maturity waves: efficiency, effectiveness and value creation. Similar to a crawl, walk, run scenario for SAP where each customer is at a different stage of maturity, we will evaluate four main responsibility areas managed by the CFO. This will inspire you with a comprehensive set of approaches, tools and methodologies that will help you prepare your finance department for the future:
- Operate: finance operations with end-to-end processes, such as order to cash, procure to pay, record to report, travel and expense, treasury and tax management
- Analyse: management accounting processes, including activities around control structures, product costing, actual costing, profitability analysis and data analytics
- Steer: processes ranging from financial budgeting to value-driven S&OP planning, including financial and management reporting activities
- Comply: statutory and regulatory compliance processes and activities owned by finance.