Today’s CFOs must strategically transform their finance function. Top CFOs are recalibrating control and focusing on opportunities that create value. By reducing reporting relationships, investing in operations, and bringing Finance professionals closer to business decision makers, CFOs are strategically transforming the Finance function.
How STUDIO FALANGA can help you
STUDIO FALANGA has developed a robust, data-driven approach to leading financial strategy projects, with a set of clearly defined goals, activities, and outcomes that lead to strategic alignment, the development of a clear vision for the Finance function, and a set of defined actions to achieve that vision. The approach consists of several modules.
What are our goals and aspirations?
Module 1: Understand the goals and aspirations of the Finance area.
Module 2: Understanding the strategic context.
Where do we play?
Module 3: Assess performance and capabilities.
Module 4: Understand stakeholder expectations.
How will we win?
Module 5: Define the financial vision and strategic goals.
How will we shape ourselves?
Module 6: Define the Finance operating model.
Module 7: Identify and prioritize change initiatives.
How will we implement them?
Module 8: Develop a high-level roadmap and business case
Module 9: Mobilizing for implementation
The methodology is flexible and can be tailored to your situation. Modules can be expanded, reduced, eliminated or organized differently according to your needs.
What results can you expect
There are a number of benefits a Finance Strategy Assessment can bring to a company. Whether they impact your organization (both Finance and/or enterprise), policies & processes or the underlying technology, a Finance strategy assessment helps to pave the road for a sustainable Finance transformation. Below is a list of potential benefits:
Defining a clear picture of where Finance wants to go
Clarifying the change initiatives that needs to be implemented to get there
Developing an actionable Finance transformation road map that prioritizes and plan the change initiatives
Less dependency on individuals, increased job satisfaction and higher morale as well as better opportunities for retaining, developing and attracting the right people
An easy way to understand and communicate where the Finance function is heading
A balanced focus on control, efficiency, performance and execution
Build on insights from business context, stakeholders expectations and own performance and capabilities
A realistic view on where to invest to improve Finance – and where not to…
Set target performance levels that are ambitious, yet realistic in the given time horizon
It integrates worldwide best practices
Pushing Finance people closer and closer to business decision-makers
To align and resource the Finance function to serve the needs of the business better
Focus on opportunities to create value