Assessing Finance
optim2 has a strong track record of delivering detailed Finance assessment through a facilitative approach that engages stakeholder, and is backed by data to justify any recommendations. The outcome includes identification of opportunities for improvement, a fully defined future state operating model (organisation structure, headcount, accountabilities), and transformation plan to execute. The benefit is a business case for change, supported by a practical and realisable plan
Do we have the right Finance operating model
to best support the business?
optim2 are routinely asked the questions – what should the cost of Finance be as a percentage of revenue?, or what should the headcount of Finance be? The questions raise more issues than they answer, including what is Finance, what is its role, and where are the gaps? To fully assess the Finance organisation both core and business embedded components need to be included, and it is critical to consider the different objectives of each component.
Typical Scope
Finance strategic
review
Target operating model
definition
optim2 Finance Accountability Matrix
Example Functions
- • Purchase to pay
- • Invoice to Reciept
- • Payroll
Objectives
- • Standardisation
- • Lower cost
- • Customer service
Example Functions
- • Month end
- • Finance Reporting
- • Reconciliations
Objectives
- • Timeliness
- • Accuracy
- • Quality
Example Functions
- • Reporting
- • Costing
- • Analysis and Insights
Objectives
- • Consistency
- • Costing
- • Business insight
Example Functions
- • Planning
- • Budgeting
- • Forecasting
Objectives
- • Decision support
- • Engagement
- • Action focused
Example Functions
- • Treasury
- • Internal Audit
- • Taxation
Objectives
- • Expertisey
- • Compliance
- • Oversight
How does Finance become a better business
partner?
optim2 assess the quality of your financial information (i.e. the ability to support business decision making) with the level of Finance integration with the business (i.e. people, process and technology).
