Index
Anti-Money Laundering (AML) and sanctions
Behaviour & Culture
CFO Services
Compliance
Cyber security
ESG Risk Management
Forensics & Technology
Internal Audit
IT Risk Management
Third Party Risk Management
Data Management
CFO Services
Transforming finance from bookkeeper toward a true partner for the business
Financial institutions are facing change at an ever-increasing pace due to developments such as globalisation, digitalisation, regulatory requirements and changing markets. To be and stay successful in this dynamic environment, they need to have an agile business model. This should be supported by the right management information to timely identify risks and spot opportunities
to create value.
Finance function
As an information and control expert, the Finance function is perfectly positioned to partner up with the business in an effort to overcome these challenges. To take on the role as a true partner for the business:
the Finance function must first have its own core financial processes in order:
this will enable finance to efficiently and effectively deliver robust financial data for compliant accounting and reporting services; and
this will free up time for the finance team to proactively support the business.
consequently, the Finance function must be developed in other areas such as providing financial and non-financial management information to drive performance management and support strategic decision-making support and risk & compliance.
Services offered by BDO
Finance Function Assessment
Screening the current state of your Finance function and devising a pragmatic transformation plan to achieve the desired level of ambition.
Finance Transformation
Providing Program Management Support (PMO) and expert support in implementing the transformation plan.
Finance Organisation Blueprinting
Designing a Finance function organisation blueprint (e.g. organisation chart, reporting lines, SSC or CoE concepts), needed finance profiles and division of roles and responsibilities.
Finance Process Redesign
Improving and automating financial processes, such as the year-end closing and reporting processes (fast close, Audit Readiness), budgeting and forecasting, order-to-cash, purchase-to-pay, payroll and working capital management. We have access to digital technologies (such as process mining, robotics, continuous control) and can provide a digital platform to document your guidelines, processes and internal controls in a Digital Accounting & Reporting Hub.
Performance Management
Defining and implementing forward looking and strategy aligned management information, designing management dashboards and include these in the plan-do-check-act cycle.
Strategic Decision-Making Support
Introduce and implement new techniques for strategic decision making based on data through business cases, scenario analysis and/or project & portfolio management. The use of available data and new tools will help you to make the right choices to steer towards achieving your strategic goals.
Many Finance functions are finding it difficult to escape the regular daily activities; their lack of resources and access to the right competencies are preventing them from moving beyond their traditional ‘bookkeeping’ role. BDO has developed CFO Services, which offers all the expertise Finance functions need to optimise their organisation, processes, systems and management information. Our services keep the human factor in mind by including effective change management. We can assist
Finance functions in their transformation into the valuable partner the business needs and help them enter the digital era.
More information
Index
Anti-Money Laundering (AML) and sanctions
Behaviour & Culture
CFO Services
Compliance
Cyber security
ESG Risk Management
Forensics & Technology
Internal Audit
IT Risk Management
Third Party Risk Management
Data Management
More information
Many Finance functions are finding it difficult to escape the regular daily activities; their lack of resources and access to the right competencies are preventing them from moving beyond their traditional ‘bookkeeping’ role. BDO has developed CFO Services, which offers all the expertise Finance functions need to optimise their organisation, processes, systems and management information. Our services keep the human factor in mind by including effective change management. We can assist
Finance functions in their transformation into the valuable partner the business needs and help them enter the digital era.
Finance Function Assessment
Screening the current state of your Finance function and devising a pragmatic transformation plan to achieve the desired level of ambition.
Finance Transformation
Providing Program Management Support (PMO) and expert support in implementing the transformation plan.
Finance Organisation Blueprinting
Designing a Finance function organisation blueprint (e.g. organisation chart, reporting lines, SSC or CoE concepts), needed finance profiles and division of roles and responsibilities.
Finance Process Redesign
Improving and automating financial processes, such as the year-end closing and reporting processes (fast close, Audit Readiness), budgeting and forecasting, order-to-cash, purchase-to-pay, payroll and working capital management. We have access to digital technologies (such as process mining, robotics, continuous control) and can provide a digital platform to document your guidelines, processes and internal controls in a Digital Accounting & Reporting Hub.
Performance Management
Defining and implementing forward looking and strategy aligned management information, designing management dashboards and include these in the plan-do-check-act cycle.
Strategic Decision-Making Support
Introduce and implement new techniques for strategic decision making based on data through business cases, scenario analysis and/or project & portfolio management. The use of available data and new tools will help you to make the right choices to steer towards achieving your strategic goals.
Services offered by BDO
Finance function
As an information and control expert, the Finance function is perfectly positioned to partner up with the business in an effort to overcome these challenges. To take on the role as a true partner for the business:
the Finance function must first have its own core financial processes in order:
this will enable finance to efficiently and effectively deliver robust financial data for compliant accounting and reporting services; and
this will free up time for the finance team to proactively support the business.
consequently, the Finance function must develop in other areas such as providing financial and non-financial management information to drive performance management and support strategic decision-making support and risk & compliance.
Transforming finance from bookkeeper toward a true partner for the business
Financial institutions are facing change at an ever-increasing pace due to developments such as globalisation, digitalisation, regulatory requirements and changing markets. To be and stay successful in this dynamic environment, they need to have an agile business model. This should be supported by the right management information to timely identify risks and spot opportunities to create value.
CFO Services