In a rapidly changing marketplace, the finance function has a key role to play in delivering efficiency, insights and value to the business. The introduction of new technologies, increased volumes of data, regulatory changes and the need to deliver more for less adds to the pressure on CFOs and Finance Directors. Finance functions must move focus from transaction processing and reporting towards strategic business support.

Executing the CFO Agenda

Many organisations have already taken significant steps to improve their back office and have demonstrated that an agile operating model with automation, digital enablement and improved data strategy is key to becoming a strategic partner for the busines

So, what is at the top of the CFO agenda?

How can we increase focus on value creation?
What key business questions are we struggling to answer at pace?
How are we using digital solutions, data and analytics to enable profitable growth?
How does our data strategy enable the needs of the business, our customers and our teams?
What operating model changes do I need to make to enable me to quickly adapt to changing requirements?
What skills and competencies do I need, and how do I best access them?

From strategy to implementation with an integrated transformation approach

KPMG has a proven approach in the area of Finance transformations, which starts by understanding the objective of the Finance Function and aligning that with the company’s vision and strategy. Using a function best practise Target Operating Model (TOM), we give answers to questions like ‘how mature is the current Finance Function’, ‘what does the ideal Finance Function look like’ and ‘how do we close this gap in maturity’.

The Target Operating Model (TOM) is the DNA of the Finance Function. It describes how the Finance Function operates. With a Finance transformation, we redesign the DNA of the Finance Function and enrich the ‘existing DNA’ with ‘new DNA’ in order to deliver the Finance of the future.

How KPMG can support your finance transformation journey

Whether your goal is to structure finance to provide more strategic support, to close faster, to deliver at a lower cost or to integrate or separate functional activity as a result of corporate transactions, KPMG can help:

Finance vision and strategy

Defining finance's role in the organisation. Defining how finance supports wider business strategy and objectives.

Finance delivery model

Defining and delivering your operating model and how services are delivered for lower cost and / or greater effectiveness.

Process optimisation

Defining and delivering more efficient, more effective processes both with and without supporting technology and including optimising financial controls.

People and organisation

Defining the competencies, skills, and performance expectations of your people and the culture within your enterprise. Our People Consulting offering can also help here including supporting with learning / training.

Technology

Defining and delivering the technology to support your delivery model, business practices and information security requirements. Using automation, cloud and digital to enhance your finance processes.