Centre for Training & Project Development

Process Transformation Wheel Our finance process transformation practice helps to optimize or transform the performance of finance through creating efficient processes and introducing best practice. We help clients to:

SYSTEM AND PROCESS ROADMAPS

The Problem

One of the most significant challenges facing any finance transformation project is understanding where to start. What needs to change? What is best practice? How do we change? What are our options?

How We Support You

Our Roadmap service offerings are designed to assist clients in addressing these issues. Tailored to specific finance processes our offerings are rapidly deployable and cost effective toolkits that:

Rapidly assess your current process, system and organizational environment
Benchmark your current position against best practice
Define a best practice blueprint suited to your organization
Outline a detailed business case for change
Define a detailed implementation roadmap

We offer a range of roadmap offerings that cover the key finance processes. These include:

Finance Organizational Blueprint
Strategic Planning
Business Performance Management Roadmap
Planning, Budgeting and Forecasting Roadmap
Corporate Reporting and Consolidation Roadmap
Finance Systems Roadmap
Operational Reporting Roadmap

OPTIMIZE AND BENCHMARK PROCESSES

The Problem

A recent survey conducted by CTPD Management Consultants indicated that finance organisations are spending significant amounts of time on non value add activities. Too much time is being spent on lower value and often manual activities such as correcting errors or reconciling data instead of on providing insightful information for decision making.

How We Support You

Our Finance process optimization team can help companies optimize cycle times, reduce error rates and lower the non value add transaction processing costs. We help clients implement standardization across business units from transaction processing through to decision support activities. This allows us make a direct comparison against industry peers as part of the optimization process.
Specifically we assist clients to:

Improve core working capital finance transaction processes such as Purchase to Pay, Order to Cash, Inventory Management
Optimize the close process
Re-engineer the budgeting and forecast process
Streamline the intercompany accounting process
Rationalize and improve the use of finance systems
Improve data governance across the organization
Implement Chart of Account improvements

TECHNOLOGY SELECTION

The Problem

The consolidation of established technology vendors and the recent introduction of emerging vendors have led to significant changes in the Performance Management vendor landscape. The resulting confusion has led many organisations to question the future roadmap and sustainability of incumbent systems.

How we support you

We have extensive experience in assisting clients with technology selection across the finance function. This includes assisting clients to select Strategic Planning, Planning and Budgeting, Finance Consolidation, Intercompany, Financial Reporting, Business Intelligence, Dashboard and Master Data Management solutions.

Value Delivered

Shortened timeframe through utilizing our extensive experience of the market
Cost effective process through the use of ready to deploy templates and accelerators
Reduces risk through leveraging an industry expert third party
Improve decision making through the use of our business case and implementation plan roadmap

mc1

How we can support you
Requirements definition and selection criteria	CTPD Management Consultants support you in collecting and validating detailed requirements in accordance to your Performance Management priorities and goals
Identifying shortlist of vendors	using a combination of our internal knowledge base and market research we shortlist vendors and products that align with your key business and functional requirements
Request for Proposal and Vendor scoring	CTPD Management Consultants map your specific requirements to our RFP templates thereby saving time in developing material and use of standard scoring terminology
Proof of Concept and Site Visits	CTPD Management Consultants can provide subject matter input during the Proof of Concept stage which is invaluable when trying to quantify the level of functionality and ease of implementation
Contract and Business Case	CTPD Management Consultants will support you in defining an implementation plan and associated business case highlighting scope, roadmap, timelines, expected benefits and costs

PROGRAMME AND PROJECT MANAGEMENT

The Problem

With organisations becoming increasingly complex, stakeholders of finance becoming more demanding and cost and timelines under closer scrutiny, the need for specialist and dedicated Programme and Project Management has never been so important.

How we support you

Our team specializes in providing both Programme and Project Management services to finance. We have a proven track record of successfully managing change across complex finance projects. Our Project Management Methodology ensures we deploy specialist tools and techniques which highlight and mitigate risks early to ensure projects are delivered on time and to budget.

CHANGE MANAGEMENT

The Problem

Finance change is often complex cutting across multiple systems, processes and teams. Recent surveys have suggested that one of the key reasons for Finance transformation projects failing was due to the failure to properly address internal change as part of the project. It is for this reason that we consider Change Management to be a critical success factor in any transformation project.

How we support you

We provide Change Management services specific to the finance function. Our approach focuses on the key dimensions of change namely:-

Stakeholder Management	proactively measuring and influencing the perceptions of project stakeholders
Communication	communicating information across the Finance function and other key stakeholders to reduce "surprises” and build support
Training	developing and delivering user training, for all aspects of the change, policy, procedures and systems