Today’s larger SMB organisation is under pressure. If you employ a distributed finance organisation, you could be experiencing legacy problems that make it hard to compete with agile young businesses.
Think multiple locations, each following their own approaches to recording and delivering the numbers. Complex processes make it hard for the C-Suite to get the information they need. Leadership is distanced from local operations as a result, generating disparate information that’s difficult to align. This makes group level reporting, compliance and audit difficult and resource-consuming.
In this whitepaper, you will gain insights into 3 strategic focus areas, to make your financial operation fit for purpose in today’s international business environment:
- Standardisation and Centralisation. How to ensure that everyone in the business, wherever they are, works in common systems and uses the same definitions to remove administrative hassles and deliver significant FTE savings;
- Central Accounting and Reporting. How to standardise and automate processes to generate clean, trustworthy data that’s easily consolidated into a single source of truth for your business;
- Business Controlling and Financial Analysis. How the financial lead in each business unit can focus on analysing financial information, rather than generating it, to empower decision making in the local or BU management teams