FINANCE PRACTICE

 
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Key to growth is the focus of the finance team on investment in new business opportunities. Reporting of finance history is not enough. Leading organisations leverage the talent of their financial teams  as part of the strategic planning  activities which is even more necessary in this fast moving, changing world. 

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Finance

Review of Finance Strategy

An independent review of your finance strategy or plan that supports the business in APAC. Identification of key issues, including those caused by global strategies that don’t address regional needs adequately, creation of solutions to issues identified, and recognising opportunities in the development of a strategic plan to implement it across the region. Clarity on key stakeholders so the target audience is well understood. Ideas on structuring the message so the plan is achieved.

Result: Creating focused strategy conversations with stakeholders across the region, creating a much better sense of ‘buy in’ for all parties.


Review Procurement Strategy

Successful procurement must balance expenditure with outcome. In today’s complex environment, cheapest is not always best, and procurement ‘point solutions’ must fit in with the overall procurement, sourcing strategy or plan that meets the organisation’s goals. A review of the strategy and identification of key issues and discussion on solutions led by finance will ensure consistency and effectiveness of procurement.

Result: Significant cost savings and streamlining of processes across the organisation, while purchased goods and services meet the organisation’s needs.


Finance led analytics in organisations

Finance has always led the organisation in the use of historic data. Now is the time for finance to take the leading role in the world of predictive analytics and big data. Grounded in academic research and industry best practice, this practical master class will solidify Finance’s role in leading the analytics programme that underpins decision making and drives the organisation forward.

Result: Ability to unlock the value of the data in the organisation, build a culture of fact-based and real time decision making that research indicates, will drive an improvement in total shareholder returns.


Using CIO Connect’s overarching Operating Model structure, review the overall capability and working strengths of the Finance organisation. The aim is to move the Finance Department beyond the ‘budget department’ and ‘cost centre’ to the strategic investment arm of the organisation, by developing a ‘fit-for-purpose’ organisational model.

Result: A finance organisation capable of investment in new innovations while maintaining good financial control, and financial reporting supporting business as usual and investment initiatives.

The mature organisation