Article
Transform your finance function with assessment and design
June 29, 2020 · Authored by James Winton
Strategic assessment and design within your organization’s finance function can strengthen your operations and create scalable solutions — regardless of your organization’s size or scope.
In typical outsourced accounting practices, an initial phase, is often used as a precursor and staging ground for the ongoing accounting services performed. However, strategic assessment and design can be used as a broader, stand-alone tool to help organizations of all sizes prepare actionable plans for transformation.
What is assessment and design?
Assessment refers to an independent, objective review of current-state finance operations, within a broader organizational context. Because of its objective nature, assessment shines a light on gaps and opportunities.
A design is your organization’s agile, flexible plan, based on the assessment, for accounting services implementation or change, situated in the context of longer-term organizational objectives.
Assessment and design, when used strategically, offer the following benefits:
- Decrease time needed to onboard and transition specific tasks
- Align accounting services with organizational core vision
- Provide a flexible, responsive plan to address gaps and opportunities
- Set framework for long-term innovation and growth
A design is your organization’s agile, flexible plan, based on the assessment, for accounting services implementation or change, situated in the context of longer-term organizational objectives.
Assessment and design, when used strategically, offer the following benefits:
- Decrease time needed to onboard and transition specific tasks
- Align accounting services with organizational core vision
- Provide a flexible, responsive plan to address gaps and opportunities
