Analysis

Finance business partnering survey

Making the right move

Insights

Using analytics to drive growth

Putting intelligent insights to work

Insights

2013 global shared services survey

Examine the key findings

Building

Services

Finance analytics

Measure what matters

Based on our experiences with our own clients we know that the current number one challenge and concern for CFOs is access to timely and accurate Management Information and the ability to forecast accurately in order to make good decisions. There is an increasing pressure and demands on Finance functions to partner the business and align their objectives with the corporate objectives.

Our approach to your challenge

Despite acknowledging the desire to better manage performance, organisations continue to struggle with issues that prevent them from achieving long-term strategic objectives.

  • Finance information strategy & governance
  • Performance management and development of key performance indicators to create shareholder value
  • Development of global information models
  • Planning, budgeting and forecasting
  • Report rationalisation and redesign

Our performance management framework establishes an environment for the successful execution of strategic directives. The framework aligns strategic planning, budgeting, reporting and performance measurement across the organisation.

How we can help

The key lessons to delivering value that we have learned from our own experience with our CFO clients include:

  • Focus on value creation – establish a clear concept for measuring value creation and set key performance measurements to monitor benefit realisation
  • Leverage finance to drive performance – finance is the owner of performance management. Technology resources should not be viewed as the source for but as the enabler for standard management information
  • Communicate strategic imperatives in a uniform voice – the executive team should set the strategy for the organisation and focus resources on execution
  • Measure what matters – break down complex strategy into simple, specific metrics so that employees at every level have something meaningful to aim for
  • Present a single version of the truth – agree standard performance measures and reports with accurate and reliable data
  • Ground plans in reality – use strategy and key performance indicators to develop budgets and planning models that are based on operational data
  • Bring high level targets down to earth – if employees cannot relate the high-level measure to their daily activities then they will ignore these. Tie a company’s overall strategy and goals to detailed performance metrics that make sense at all levels within the company
  • Reward and recognise people – rewarding people for a job well done is a great way of motivating people. Performance Management makes it easier to implement reward programmes in line with strategic objectives

Please do not hesitate to contact a member of our team with any queries you might have.

Services

Deloitte analytics

Don’t trust your intuition

People

Shane Mohan

Partner - Consulting

People

Alan Flanagan

Partner - Consulting

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Contact us

Dublin 2 Change location

Our three Dublin offices are:

Earlsfort Terrace, Hatch Street & Hardwicke House

Dublin 2

Ireland

Phone: +353 1 417 2200

Fax: +353 1 417 2300

Email: info@deloitte.ie