Transformation Programs
Process measurement & control
01
Roll out static Level 1-3 process taxonomy
Develop a foundational layer to capture static data which can aid implementation of a workflow solution
02
Implement time tracking tool
Develop a self-assessment platform, or an integrated workflow to map processes and underlying tasks – in order to measure completion time, errors and remedial actions
03
Develop FACTSHEETS
Set up reporting and governance mechanism to monitor performance against SLA leveraging actual data on performance with root cause analysis on errors and remdial actions
04
Launch E2E effectiveness metrics
Roll out End to End process measurement metrics across Record to Report (R2R), Procure to Pay (P2P) processes in Finance
05
Operational review governance cadence
Roll out Operational review and governance mechanism with shared services clients across People, Process, Performance and Operational risk components
Transformation Programs
Outsourcing and shared services
06
Industry benchmarking and Location strategy
Comprehensive analysis and report out of location strategy with industry benchmarking across low cost sites in Americas, Europe and Asia
07
Framing business case and CBA
Develop transformation roadmap and approach paper to obtain investment approval to launch a multi-year change program
08
Roll out Standard Prodcut suite
Roll out shared services offering proposition for Record to Report (R2R) and Procure to Pay (P2P) processes
09
Build, implement transition toolkit
Set up and roll out process migration methodology from solution identification to post go-live mointoring
10
Talent identification and recruitment
Engage with recruiters, develop Job descriptions, conduct talent assessment and build recruitment pipeline in partnership with HR function
Transformation Programs
Cloud based reporting infrastructure
11
Designing Finance Datamart Strategy
Develop Blueprint to migrate Finance reporting needs to Cloud via a Datalake
12
Data squad mix and recruitment
Determine tribe composition and partner with D&A team to recruit tribe (Business Analysts, Data engineers, Developers, Data governance experts, Scrum masters, Product Owners)
13
Roll out Standard Delivery Units
Build tracking mechanism to determine effort needed to develop Finance Datamart based on underlying building blocks involving lineage, architecture, table design, Remediation rules and reporting architecture
14
Tool selection for self-service reporting
Work with Cloud service provider to identify suitable self-service reporting and visualization tool
15
Roll out agile delivery sprints and MVPs
Set up cadence to build micro level sprint plans that can be run in an agile format
Transformation Programs
Bespoke automation
16
Automation of payments process
Deliver technology solution for automation of Payments activities through a suite of tools including Optical Character Recognition (OCR), Business Process Management (BPM) and Robotics Process Automation (RPA)
17
Automation of procurement process
Deliver technology solution for automation of Procurement activities including vendor assessment, contract negotiation, procurement sign off and deal tracking
18
Cost allocation methodology & implementation
Roll out cost allocation engine to enable development of profitability metrics by business, product, segment and customers
19
Automation and reporting of Cloud costs
Work with Cloud service provider to develop Cloud cost tracking tool to enable real time monitoring and optimization of costs
20
Automation of remediation rules
Roll out a remediation tool to enable mapping, cleansing and allocation of data
Transformation Programs
People & culture development
21
Learning & development catelogue
Build a comprehensive learning catelogue for Finance to enable training and up-skilling
22
Roll out gamification programs
Create a sandbox and simulation environment to improve technical skills and business acumen
23
Roll out citizen developer culture
Mass enable Finance technical competence through a certification and reward framework
24
Set up physical innovation labs
Design and build a physical space to foster innovation and collaboration within the function