{"id":1519,"date":"2016-08-04T12:48:52","date_gmt":"2016-08-04T09:48:52","guid":{"rendered":"http:\/\/www.rosscon.ro\/?page_id=1519"},"modified":"2016-08-04T18:25:46","modified_gmt":"2016-08-04T15:25:46","slug":"transformarea-functiei-financiare-parteneriat-pentru-afacere","status":"publish","type":"page","link":"http:\/\/www.rosscon.ro\/en\/consulting\/finance-and-partnership\/finance-transformation-enhanced-business-partnership\/","title":{"rendered":"Finance Transformation \u2013 Enhanced Business Partnership"},"content":{"rendered":"<p><\/p>\n<h3>Finance Function and Company Performance<\/h3>\n<p>Finance is no longer about recording and reporting performance. Finance transformation and on-going progression is a necessity in today\u2019s economic environment; they can extend the role of finance to include business partnering. The focus shifts from accounting to management in order to develop insights for better decision-making and improved performance. <\/p>\n<p>The correlation is clear: performing companies have performing finance functions. The starting point for the transformation must be a clear understanding of the role of finance, both where it is now and where it needs to be in the future. Our approach focuses on the structured steps a financial organization needs to take and the practices and processes it needs to transform in order to maximize its impact and effectiveness.<br \/>\n<BR><\/p>\n<h3>Expertise and Tools<\/h3>\n<p>Our methodology is based on CGMA\u00ae Finance Impact\u00a9, a model developed by The Chartered Institute of Management Accountants, UK that contains six progressive dimensions of the finance function: data, reports, analysis, insight, influence and impact in conjunction with a model of competencies. <\/p>\n<p>We use this model to initially rate, transform and then periodically monitor the progress of the finance function. The tool provides a mechanism to move an organisation\u2019s finance function towards a role of business partnership through standardized and efficient processes; supplying of relevant, accurate and on-time information; provision of adequate support for decision-making and ensuring the overall company\u2019s financial health and performance.<br \/>\n<BR><\/p>\n<h3>Methodology and Benefits<\/h3>\n<p>Our approach focuses on the following key topics and deliverables:<\/p>\n<ul>\n<li> Data: the quality of the transactions being made, the integrity of data as well as how optimal integration of the company\u2019s systems \u2013 efficiency and errors;\n<li> Reporting: how do your organization\u2019s processes, communications and reporting of content respond to internal controls requirements \u2013 relevance, accuracy, completeness, timing?\n<li> Analysis: how well does your finance function conduct the process of evaluating data and information using analytical reasoning as well as correlating the external factors with business insights?\n<li> Insight: how well does finance support the utilization of information and the decision making processes and at strategic, operational and control levels?\n<li> Influence: is the finance function trusted, respected and seen as a contributor within the organization, the strategy process and the business decisions?\n<li> Impact: what is the finance current impact within your organization in terms of leadership, change and company performance (i.e. ROI and customer satisfaction)?\n<\/li>\n<\/ul>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Finance Function and Company Performance Finance is no longer about recording and reporting performance. Finance transformation and on-going progression is a necessity in today\u2019s economic environment; they can extend the role of finance to include business partnering. The focus shifts from accounting to management in order to develop insights for better decision-making and improved performance. The correlation is clear: performing companies have performing finance functions. The starting point for the&nbsp;&nbsp;<a href=\"http:\/\/www.rosscon.ro\/en\/consulting\/finance-and-partnership\/finance-transformation-enhanced-business-partnership\/\" class=\"readmore\">more&#8230;<\/a><\/p>\n","protected":false},"author":6,"featured_media":1499,"parent":1508,"menu_order":51,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"http:\/\/www.rosscon.ro\/en\/wp-json\/wp\/v2\/pages\/1519"}],"collection":[{"href":"http:\/\/www.rosscon.ro\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/www.rosscon.ro\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/www.rosscon.ro\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.rosscon.ro\/en\/wp-json\/wp\/v2\/comments?post=1519"}],"version-history":[{"count":2,"href":"http:\/\/www.rosscon.ro\/en\/wp-json\/wp\/v2\/pages\/1519\/revisions"}],"predecessor-version":[{"id":1566,"href":"http:\/\/www.rosscon.ro\/en\/wp-json\/wp\/v2\/pages\/1519\/revisions\/1566"}],"up":[{"embeddable":true,"href":"http:\/\/www.rosscon.ro\/en\/wp-json\/wp\/v2\/pages\/1508"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.rosscon.ro\/en\/wp-json\/wp\/v2\/media\/1499"}],"wp:attachment":[{"href":"http:\/\/www.rosscon.ro\/en\/wp-json\/wp\/v2\/media?parent=1519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}