Driving Finance Transformation at Instarmac
As organizations similar to Instarmac who are operating on SAP Business One grow, the complexity of processes and volume of transactions significantly increases. However, as we see with too often with many businesses, the core finance system is quickly outgrown or hasn’t been kept up to date to match new ways of working, resulting in manual and off-system processes driving inefficiencies, reducing corporate governance, and hindering growth potential.
Alternatively, there may be functionality within your existing system that you aren’t exploiting that could elevate Instarmac’s Finance team to the next level.
How does Instarmac compare to the best performing Finance teams of a similar size?
Benchmark Your Finance Function Against Industry Best Practice with our Finance Optimization Review
Organizations must constantly strive to ensure that systems and processes are truly ‘fit for purpose’ as they aim to support the business in becoming more efficient and aligned to delivering specific business outcomes.
With your Finance strategy in place, the best place to start is by taking the pulse of your current procurement platforms and processes, to help you determine its fitness for the future.
In our experience, these objectives have rarely been fully met and so understanding the underlying reasons for this is key to identifying the necessary steps to realising the expected benefits in line with those objectives and the art of the possible.
Benefits of a Finance Optimization Review
Your Independent Finance Maturity Assessment and Transformation Solution
Our Finance Optimization Review is an independent maturity assessment. It evaluates and provides recommendations as to how well your existing approach supports your Finance strategy and helps deliver measurable objectives, including goal alignment and how performance should be measured.
Ideal for organizations seeking to:
• Improve the alignment of their finance function to business strategy
• Ensure that KPIs are reliable so that activities can be tied to business outcomes
• Minimise business risk and ensure the integrity of their solution
• Improve user adoption and increase productivity
• Drive process compliance to achieve consistent delivery
A Holistic Approach to Finance Optimization
Our Finance Optimization Review adopts a holistic approach to assessing your business. For an organization to operate effectively and innovate it must balance and integrate three critical areas.
Using a combination of workshops, interviews and system analysis, it is a comprehensive review that not only incorporates solution and process design, but also user adoption and future scalability.
Finance Optimization Delivered in Three Easy Steps
Fast track immediate value and results through our rapid deployment model. Our comprehensive approach ensures that your organizational requirements are effectively translated to a rapid, predictable, cost-effective solution, delivering value in weeks, not months.
The Diagnostic
An end-to-end assessment across each of the core finance processes, to asses maturity and capability, identifying areas of focus for optimization.
The Deep Dive
Addressing underperforming areas, a more detailed root-cause analysis is undertaken and an improvements roadmap (both short and long-term) is developed.
Your Optimization
Our team of consultants work together with you in-house resources to roll-out the improvements, providing both technical and change management expertise.