More than ever before, finance leaders feel the full weight of pressure to reduce overhead costs while also delivering bottom-line value. Improving operational efficiency is critical and a good first step in the transformation journey, but it doesn’t stop there. Today’s finance leaders are also asked to deliver valuable business insights, using a combination of financial and operations information, combined with data analytics.
Our Finance Transformation solutions help you and your team to streamline, automate or eliminate activities, standardize processes, and adopt or enhance business systems. We work closely with senior leadership and stakeholders to understand your environment, business needs and current practices. With this insight, we uncover root causes and recommend industry-leading practices to design, develop and deploy target operating models built for efficiency and effectiveness, optimizing systems and processes to transform your finance function.
Optimizing Processes and Organizational Structure
Evaluating end-to-end processes for efficiency and effectiveness is a critical step in ensuring your finance function performs optimally. We identify bottlenecks, uncover system and process gaps, and incorporate leading practices, including:
- Revenue cycle (order to cash)
- Spend cycle (procure to pay)
- Reporting cycle (record to report)
- And others
If you haven’t examined your target operating model recently, our advisors can lead you from visioning through design and execution to ensure your financial function is optimized.
It might seem counter-intuitive, but if your finance and accounting teams have taken a hit because of COVID-19 and the ensuing economic downturn, this might actually be an ideal time to standardize, streamline and automate your finance and accounting processes. See why in this interview with Andy Jones, RGP’s VP of Finance Transformation.
Automating Transactional Processes
Some finance transformations are revolutionary, representing a complete metamorphosis of how the finance organization operates. Others are more evolutionary, taking shape gradually and pragmatically. A logical first step is to automate as much of your transactional work as possible, liberating your workforce from mundane but necessary work.
Automation ReadinessUsing process analysis and discovery, we’ll help you determine whether your existing processes are ready for automation—and re-engineer them if they’re not.
Process AutomationUsing leading robotic process automation (RPA) platforms such Blue Prism and UiPath, we develop transformational automations that enable software robots to perform the routine work, so your team can concentrate on analysis and value-added activities.
BlackLine ImplementationAs a BlackLine Strategic Alliance and certified implementation partner with a deep bench of certified BlackLine consultants, we help eliminate and automate the financial close process.
Driving Business Insights
Our data scientists employ leading tools such as Alteryx to help turn your data into insights and your insights into revenue.
With a host of technology tools supporting finance and accounting operations, from ERP to reporting and closing to analytics software, we can define business requirements and help you select the technology that’s right for you. Moreover, our proven project management techniques can help you support the implementation of those tools to enhance productivity and performance.