For a typical retailer, routine financial and retail accounting tasks make up approximately 80% of finance’s workload — a ratio unchanged since the 1990s despite enormous investments in enterprise resource planning software. As a result, many retailers’ finance functions present significant opportunities for increasing efficiency and reducing costs.
Increased efficiency reduces transactional accounting demands and administrative paperwork processing, allowing finance personnel and executives to devote more time to strategic planning, analysis and managing risk.
Our Finance Transformation practice supports chief financial officers and their teams by lessening the distraction of transaction processing and administrative work so that they can focus on being value-added business partners. We analyze the key policies, processes, productivity, organizational structure and roles in accounting operations, including transactional-based processes such as payables, payroll, receivables, sales audit, inventory control, banking and general accounting in order to support clients achieve:
Contact an industry professional in your area to discuss your unique business concerns.