To illustrate how finance can move from accounting and recordkeeping to creating true business value, delaware designed a 3-wave transformation model
. Wave 1 targets efficiency gains: customers implement tools – like an ERP system – to optimize the operational aspects of accounting, budgeting, costing and reporting. Wave 3 focuses on truly transforming finance, e.g. through advanced technology, to help it create real value for the business. The intermediate wave, wave 2, explores ways to increase the effectiveness of all finance processes.