Finance

Finance function diagnostics and transformation

• Performing 360° diagnostics of the Company's finance function to assess its current status, including how it compares to best practices.
• Reviewing the finance function controlling standards, processes, data, organisation, human resources as well as systems and basing of this, developing streamlined financial function structure.
• Developing sound finance business processes.
• Assessing and reshaping key performance indicators (KPIs), services, metrics and integration points.
• Evaluating key competencies, developing the most appropriate functional and organisational structures.
• Modelling finance function on the basis of best practices consistent with strategic and operational goals.

Finance Shared Services and Outsourcing

• Development of SSC strategy, which corresponds to the Company’s long-term strategy and goals.
• Performing feasibility study and creating an SSC operating model framework, including recommendations on the location, organisational structure, process split, technology and SLA/OLA.
• Developing an SSC implementation plan, which includes detailed SSC operating model elements, performance indicators and detailed structure for calculating SSC staffing.
• Creating an approach for the Companies’ move to SSC, as well as a general transition plan with clearly shown strategy, communication channels, IT solutions, training plans and materials for staff, supporting in SSC implementation.
• Optimising implemented SSC operating model and processes.
• Performing HealthCheck to assess the maturity of existing SSC organisation and identify improvement opportunities.

Financial planning, budgeting, forecasting and management reporting

• Designing / optimising budgeting, forecasting and planning processes, models and procedures.
• Developing management reporting models.
• Defining objective, responsibility and effectiveness of business processes assessment system.
• Developing Company’s strategy implementation measurement models in relation to KPIs (e.g. Balanced Scorecard).
• Advising on development of data model concepts and architecture of applications that support the control and reporting of results. Assistance in the analysis and selection of systems supporting result management.
• Developing and implementing value creation measurement system.
  

Treasury optimization

• Performing detailed analysis of the Company’s current treasury model comparing it to the best practices, and developing a target operating model with the indication of the treasury’s role, functions and level of centralization.
• Examining the Company’s current cash / liquidity management model, and developing improvements for the liquidity forecast system, process of raising finance, corporate rules and regulations.
• Developing a detailed payment calendar implementation plan, assisting in selecting IT solutions for the automation of a treasury function.
• Analyzing the impact of financial risks on the Company’s operations, and advising on the implementation of the financial risk hedging strategy and mechanisms.

Accounting, consolidation and financial reporting performance improvement

• Developing and implementing methodology of reporting system.
• Developing and implementing methodology of transition to IFRS or other accounting standards (restatement and consolidation of financial statements).
• Defining functional requirements for IT systems specifically tailored and customised to your business needs, adapting and developing accounting and IFRS reporting procedures / regulations to the changes in IT systems.
• Introducing own methodology developed in house to shorten the period of time required to prepare financial and management statements and to improve their quality.
  
  

SmartClose

• Accelerating the closing process in order to achieve more timely and accurate financial and/or management reporting.

• Optimization of methodological approaches, development of policies and procedures.

• Support in implementation of IT solutions.

• Streamlining organisational structures and SmartClose processes.
  

Finance business partnering

• Analyzing a current state and role of the Company’s finance function.
• Developing an ambitious model of finance business partnering which is aligned with the Company’s strategy and goals.
• Preparing a detailed description of business partner profile applicable to the Company’s finance function, ensuring it is actually focused on the right things.
• Creating a roadmap for the Company to achieve a role of business partner, providing support during the transition process.
  
  

Finance IT implementation

• Performing detailed analysis of IT solutions used by the Company’s finance function, defining inefficiencies in IT systems and their integration.
• Advising on adoption of new and innovative technological solutions to Finance which will help the Company’s finance function achieve its goals, increase efficiency, reduce costs, and dramatically improved analytical capabilities.
• Transform the Company’s finance function operating model to be in line with the new IT software implementation.