Financial Systems Strategy

The company was experiencing rapid growth that had left its financial processes and technology straining to keep up.
The billing and accounting process was complex, manual, spreadsheet-based and relied heavily on “tribal knowledge.” As a result, the financial systems and methods lacked scalability.
Company’s leadership recognized the need to:
- Define a financial systems strategy.
- Select a new platform to support the finance, accounting and information access needs of the future.

Interviewed business stakeholders and assessed the IT environment and capabilities.
Defined business requirements.
Created a vendor shortlist and managed the RFP process.
Estimated resource requirements & Total Cost of Ownership.
Developed a three-year financial systems plan.

The new strategy’s objectives were aimed at:

Improving accuracy and efficiency.
Enhancing analytical capabilities.
Enabling automated interfaces with other company systems.
Implementing a scalable solution.
Reducing manual processes.
Having the capability of generating timely and actionable insights to run the business.