Finance Function Systems and Applications

Companies can reduce their finance “cost to serve” by 25% to 35% through innovations and improvements in their business processes, supported by changes in the applications that support them. Now, more than ever, software vendor consolidation, such as SAP and Oracle, is enabling companies to more seamlessly integrate business applications to execute transactions, comply with regulations, perform business analysis and plan for the future.

As CFOs seek to create more efficient and effective finance functions to deal with a difficult business environment, it is more important than ever that they are optimizing their investment in ERP technologies such as Oracle or SAP especially when they undertake upgrades or new implementations.

Today’s finance applications must be able to deliver more timely information that supports decision making critical to managing through the downturn and the anticipated recovery. CFOs should have an integrated financial application platform that maximizes automation, standardizes financial processes, enhances data quality and improves control at a reasonable cost. We can help you leverage your ERP system to:

  • Reduce organizational costs, improve operational efficiency and strengthen system driven processes and controls
  • Promote greater consistency in policies, processes, data structure, organizational roles and responsibilities, and application configurations across the business
  • Leverage ERP, workflow and reporting tools to simplify and expedite the closing process
  • Embed a formal process for the finance organization to establish forward-looking aspirational performance levels (e.g. annual planning process)
  • Enable the means to evaluate performance against expectations and the discipline to hold people accountable for results
  • Shift staff focus from transaction-oriented processes to value-added activities
  • Streamline operational tasks to ensure the validity of data
  • Drive improvement programs (e.g. system application upgrades) through business functions with information technology as the enabler
  • Leverage compliance efforts into process improvement opportunities

You may also want to learn more about our Close to Report services.

Want to know more? Give us a call or send an email to Mike Boyle.