Finance transformation strategy

Services

Finance transformation strategy

Finance transformation strategy helps CFOs identify the weaknesses in their finance organisation to prioritise the required change initiatives, and supports them in defining an operating model to support the business and manage key finance activities more efficiently.

Your challenges

As CFO, you may be facing one or more of the following situations

  • Newly appointed CFO is confronted with the legacy of his predecessor, uncertain about the efficiency and reliability of the finance function and looking for assurance.
  • Dissatisfaction from finance’s internal clients on quality of services provided by Finance: information quality, timely reporting, risk management, frequent financial restatements.
  • Cost reduction in the finance function requires a clear view on finance’s priorities and on its efficiency compared to similar organizations through benchmarking.
  • Major shift in business strategy or organizational structure, requires finance to re-organize its activities or re-think its added value for the business.
  • Frequent financial restatements or evidence of other financial reporting issues, indicates lack of quality and reliability of the finance function.
  • Upgrade or implementation of new financial systems, with significant impact on finance processes and required competencies of finance staff.

Our solution

  • Helping CFOs to identify the weaknesses in their finance organization, to prioritize required change efforts and support CFOs in defining the optimal operating model i.e. that can best increase its influence in the organization, support the business, and manage key finance activities more efficiently.
  • Redefining the finance function processes and enablers and set priorities for improvement based on a structured analysis tool in a relatively short period of time.
  • Building a roadmap on how to achieve the desired state

Contacts

Petra Hazenberg

Petra Hazenberg

Partner - Strategy & Corporate Finance

Petra is a partner within the advisory and consulting department and has over 18 years of experience in consulting in the public sector, nationally, as well as for European Institutions and the privat... More

Georges Kioes

Georges Kioes

Partner - Non-FSI Leader

Georges is a partner in the audit department and brings broad experience in coordinating large audits of financial services and non-financial services clients. He is the non-financial services leader ... More

Pierre Masset

Pierre Masset

Partner | Chief Operating Officer

Pierre joined Deloitte Luxembourg in 2011 as partner. For 9 years, he led the corporate finance team before being appointed to the Executive Committee of the Firm. He was also CFO for the Advisory and... More