Services

Last Mile of Finance

CFO Services

Our experience indicates that companies need to adopt a holistic approach to the last mile of finance and avoid the ‘white spaces’ in the Record to Report process.

  • Do you want to fasten your closing process by reducing time-consuming and labor-intensive activities in a decentralized and non-integrated system landscape?
  • Are you struggling with data inconsistencies and mammoth data volumes and seek to move to a fluent and risk-based closing process?
  • Do you want to navigate around the dangerous rocks in finance by avoiding error prone manual processes?
  • Are you losing your visibility in a jungle of spreadsheets?
  • Would you rather rely on financial and operational data generated via an automated process?

How we can help?

Our services are designed to help CFO’s in their efforts to:

  • Create Balance Sheet integrity and reduce the risk of misstatements;
  • Optimize the closing process by assessing the record to report process, whilst benchmarking with best practice solutions and deriving a closing process that combines effectiveness with efficiency
  • Select and implement a best practice tool (e.g. account reconciliation, disclosure management, consolidation, etc) supporting the  business needs based on proven technical, financial and operational experience;
  • Asses risk of misstatements through system assurance, process review and quality assurance.
  • Find temporary support during the close and consolidation process. 

Our experience indicates that companies need to adopt a holistic approach to the last mile of finance and avoid the ‘white spaces’ in the Record to Report process. 

Bottom-line benefits

  • Increased staff efficiency leading to enhanced quality 
  • Resource time aligned with high value activities
  • Reduced manual processes and increased levels of automation
  • Reduced processing time as well as audit cost by maintaining availability of supporting documentation
  • Increased operational efficiencies 
  • Automated processes with integration of multiple systems
  • Enhanced management reporting and decision making 
  • Automated internal controls reducing the need for testing
  • Enhanced risk management capabilities
  • Better ability to comply with laws and regulations
  • Increased overall accountability and transparency
CFO Services – Last Mile of Finance