Finance function transformation

Organisational changes will bring best management and financial results only when performed in a way to keep business processes running and people staying. This is of pivotal importance in case of finance function transformation which in recent years is happening at much larger scale and speed across the business due to more advanced IT solutions and higher than ever expectations. Traditional finance departments are to disappear, which means that the old  model, centred around book-keeping & transactional tasks will no longer exist. Instead finance future teams will be focused on providing effective business partnering in decision making, value-adding analytical landscape and intelligent future oriented tools (RPA - Robotic Process Automation).

Cooperation with Gekko advisoryNOW enables to transform finance team and its role inorganization very smoothly, i.e. without neglecting much-needed continuity. We provide support in the following:

  • Designing and optimizing organizational structure of finance departments,
  • Defining scope of responsibilities and job descriptions,
  • Designing operational models of finance function (centralized, decentralized, shared services centres, defining scope of outsourcing),
  • Implementation of new operational models,
  • Defining policies for talent management and succession plans for finance departments,
  • Defining rules of cooperation between finance departments and business units,

Analysis of requirements and expectations of business departments in regard to finance function.
Well-conducted transformation not only leads to higher effectiveness of processes and lower operational costs, but also increases quality of work in financial department and raises its profile in the organisation.