Improve core finance functions, including transaction processing, control/risk and decision support/performance management activities
Overview
Today's CFO's are balancing innovation, growth, risk management and cost reduction to prioritize and optimize their finance transformations and improvement efforts. The role of the CFO requires the ability to operate at the strategic level while simultaneously managing multiple, detailed levels of performance across the whole organization. It demands a 360-degree view—backwards to report, alert to current conditions, and the ability to plan for the future.
Finance transformation services are at the core of the IBM financial management consulting services. Using diagnostic and strategic tools for profit improvement and modeling, IBM can help your enterprise assess its organizational design, integrate financial functions, improve forecasting and reporting, develop predictive capabilities, reduce risk, and optimize the strategic functions of the finance organization.
The following IBM finance transformation services enable organizations to improve their core finance functions, including transaction processing, control and risk and decision support/performance management activities:
- Finance transformation strategy: Analyze and evaluate how to transform finance's role in linking enterprise strategy to shareholder value, increasing profitability and improving cost management, optimizing resource allocation, and identifying and prioritizing value creation opportunities into a roadmap.
- Finance operations improvement: Identify opportunities for improvement, efficiency and greater effectiveness in core finance operations, and improvements to ERP activities, practices and systems.
- Business performance planning and reporting: Develop key capabilities, processes and practices to improve overall effectiveness of finance oversight and management.
- Treasury management: Evaluate treasury processes and systems in the context of leading practices; re-engineer cash and investment management processes; and align performance measurement with organization, compliance, controls and benchmarking.
- International Financial Reporting Standards (IFRS): Manage the IFRS transition journey from a high level diagnostic assessment to conception/initial conversion, system build and implementation, as well as optimization to support ongoing improvements.
- Extensible Business Reporting Language (XBRL): Embed XBRL in enterprise reporting processes for seamless exchange of information, automation of manual processes, and to enhance transparency and control of information contained across a wide range of disparate internal data stores.
Business challenges
Business leaders are addressing many challenges and opportunities in today's growingly complex finance and operational environments, including:
- Creating an effective governance framework around information integrity and deploying global standards
- Striving for a "finance on demand" organization that is responsive, variable, focused and resilient
- Developing responsiveness to key decision makers with the right information, when and where they need it
- Improving the enterprise’s ability to effectively manage risk and capitalize on opportunity
- Optimizing information on the roles of individuals to improve productivity and collaboration
Why IBM
With thousands of financial management resources located across the globe, IBM has a strong record of serving as a trusted advisor to CFOs and finance leaders. We offer deep finance function expertise coupled with effective technology implementation and integration capability. We bring experienced IBM finance executives to meet with clients, including former CFOs, controllers and CIOs. Our consultants have worked with 75% of the global Fortune 50 and 80% of the FT 50.
Our financial management consultants help clients achieve new and sustainable business value by formulating finance management strategies, managing change and setting direction for new transformations and business models. Working collaboratively with clients, we provide solutions to many of the most difficult finance and risk challenges your organization is confronted with. We provide expert analysis, business planning, vision development, project planning, business case creation, and ultimately link strategy to execution in ways that build continuous improvement and success.
The IBM financial management practice is part of IBM Global Business Services®, one of the world's leading management consulting practices. Working across all major sectors, IBM has inherent business expertise across more than a dozen industries. Our consultants have demonstrated experience creating value for clients, and together with our proven assets, methodology, partnerships, and research capabilities, we act as trusted business advisors to our clients worldwide.
Contact us
Meet the expert
-
David Lubowe
Partner & VP, Global Operations & Finance Leader, IBM Global Business Services