Finance Function Assessment
People, Process and Systems
Your finance function is only as effective as the people, processes and systems that support it. If any of those inputs are underperforming, your whole finance function will operate below expectations.
When you are deep in the work, it can be difficult to find the time or the perspective to assess your finance function’s performance. We can help you with that.
Team Effectiveness
Whatever your goals, your performance is enabled (or limited) by the teams reporting to you. Do you have the right level of staffing in your Finance functions? Are the people in those roles optimally qualified to reach peak performance? Do all team members have a consistent understanding of your team goals and their own roles in meeting them? Do they follow established procedures? Are interpersonal relationships harmonious or disruptive? We can give you deeper insights into how your team is functioning.
Systems Assessment
From general ledger to billing to payroll to analytics, the capabilities of your systems are an upper limit to the performance of the various finance team responsibilities. Are your systems interconnected or siloed? Automated or full of manual processes? Designed for the past or optimized for future needs and scalability? We can help you assess your systems and map out future needs.
Process Review
Whether it is Accounts Payable, Payroll, or any other Finance function, the primary driver of performance is the established processes your teams follow to get the work done. Are the processes designed for optimum efficiency, maximum reliability and an appropriate control environment? Or are your well-intentioned team members forced to create work-arounds just to keep up with the workload? And outside your own team, do your customers in operations find it easy to work with you? We can drill into you processes to let you see what is working - and what isn’t.