Transformation Programs

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