Product Description

The Finance Transformation Project Deliverables are an expert-built and comprehensive set of project deliverables, including sample/Pro-forma content, tools, and templates for teams transforming the accounting and finance function. The F&A project deliverables can be used by any enterprise embarking on a Finance transformation and customize to their unique needs. (This product relates to the accounting and finance functions.)

(Note: As the Finance Transformation Project Deliverables is a digital product, we do not accept returns or issue refunds. So, please read the product description carefully before making a purchase.)

A Finance transformation program is typically substantial in scope and magnitude. A transformation toolbox will accelerate time to value and allow the teams to focus on execution, not document generation.

Finance and Accounting are Transforming:

The transformation of the Accounting and Finance function is being necessitated by three main drivers: regulatory changes, technological advancements, and the evolving business environment. Regulatory bodies globally impose more stringent reporting requirements, demanding greater transparency and accuracy. Technological advancements in AI, blockchain, and data analytics redefine how finance functions operate. The evolving business environment, characterized by globalization and increased competition, necessitates more strategic and forward-looking finance functions.

To effect this transformation, several steps must be taken. Firstly, investment in technology is crucial. Technologies like AI can automate routine tasks, improve accuracy, and generate real-time insights. Blockchain can enhance the security and transparency of financial transactions, while data analytics can provide predictive insights for strategic decision-making. Secondly, finance functions must shift from being transactional to strategic. This involves developing skills and capabilities for strategy, risk management, and business advisory. Thirdly, compliance with regulatory changes must be ensured, necessitating robust systems and processes for financial reporting and control. Lastly, a continuous learning and adaptation culture should be fostered to keep pace with evolving business and technology trends. By embracing these changes, the accounting and finance function can become a strategic partner to the business.

What does F&A Transformation Entail:

It depends on the individual circumstances of a company, but a typical Finance transformation endeavor involves one or more of the following critical areas:

• A New Finance Strategy
• A New Finance Operating Model.
• Restructuring the Finance organization, structure, and staffing.
• Re-engineering the Finance value streams and processes
• Reimagining the value proposition of Finance.
• An employee-centric transformation of the Finance culture.
• Re-platform and re-architecture of the Finance technology stack and systems/platforms.

Focus on Managing the Transformation, Not Deliverable Definition:

Companies assemble a cross-functional team in this quest to transform F&A function for the digital era. And these teams spend a lot of time creating deliverables rather than focusing on actually executing the Finance transformation program.

A pre-built and customizable Finance transformation toolkit will alleviate the pain of building everything from a blank slate and allow teams to use the items in the toolkit to jumpstart and accelerate their journey.

Our experts have created the Finance Transformation Project Deliverables based on several years of experience in transforming Finance. So, instead of hiring consulting firms at exorbitant rates or assembling large teams to reinvent the wheel (so to speak), the toolbox for Finance transformation will allow them to quickly tailor the sample deliverables and then focus on really managing the transformation program.

What do the Finance Transformation Project Deliverables Include?

As mentioned, it is a veritable treasure trove of customizable transformation artifacts, templates, outlines, and deliverables. However, please realize that none of the deliverables will fit your company like a glove as things differ – size, situation, scope, location, and industry dynamics. Plus, many of the deliverables include the typical sections and topics reflective of the norms for such documents. However, our sample content is often sparse, and the onus will be on the project team to enrich the content.

• Finance Transformation Overview:

An overview of how Finance has changed over the years, the drivers for transformation, and the impact of emerging technology on the Finance stack.

Format: Word

• Finance Transformation Strategy

A concise Finance Transformation Strategy deliverable using a fictional company and situation. Edit the deliverable to reflect your company’s reality.

Format: PowerPoint

• Finance Transformation Business Case

A customizable Business Case Outline using sample content. It has all the sections a typical business case does.

Format: Word

• Project Charter for Finance Transformation

A customizable Project Charter with sample content as a jump-off point.

Format: Word

• Finance Transformation – Work Breakdown and Work Streams

A brief list of Work Streams and Work Breakdown Structure. Please note that this is not a full-fledged project plan and lacks resources and dependencies.

Format: Word

• Resource Plan Outline

A high-level Project Resource Plan for the proposed Finance transformation project.

Format: Word

• Current State Assessment Questionnaire

A set of questions to get started in assessing the current state as a part of the transformation program.

Format: Word

• Operating Model Archetypes

A brief overview of various Finance Operating Model archetypes. The idea is for you to get a perspective on potential options and then pick one and elaborate and customize it to your company’s needs.

Format: Word

• Request For Proposal Outline

The deliverables include outlines and sample content for Requests for Proposals for Core Accounting and Finance Platform.

Format: Word

• Accounting and Finance Roles

A listing of essential Roles and what they do in Accounting and Finance. This list is a starting point for you and can never fully reflect the reality of your company.

Format: Word

• F&A Transformation BRD Outline

High-level business requirements document to draft your F&A Transformation BRD.

Format: Word

• Finance and Accounting Platform Top Features

A high-level list of F&A Core Systems Features and functionality.

Format: Word

• Finance Software Vendor List and Brief Profiles

A select list of vendors and brief profiles. The vendors’ list is not comprehensive, and the vendors are not vetted. Please get in touch with our professional services team if you require Vendor Research and RFP help.

Format: Word

• F&A Transformation RACI Chart

A simple RACI (Responsible, Accountable, Consulted, Informed) with sample content.

Format: Word

• Finance Transformation Change Management Plan

A Change Management Plan Outline with sample content to help deal with the change associated with a Finance transformation.

• Stakeholder Map

Managing stakeholders is crucial for any project’s success. The deliverable helps identify the stakeholders and assign the impact magnitude and the influence level.

Format: Word

• Communications Plan

Project communications are a critical success factor. The Communications Plan for Finance Transformation is an outline with content ready for customization.

Format: Word

• RAID (Risks, Assumptions, Issues, and Dependencies) Register

All projects have risks, assumptions, issues, and dependencies. Here is a sample RAID chart with sample content.

Format: Word

• Project Implementation Checklist

A handy high-level checklist of Project Items to crosscheck to manage the transformation effort.

Format: Word

• Finance Glossary

Not everyone who works on a Finance project is a domain expert. A Finance glossary helps team members to a common understanding.

Format: Word

• Best Practice for a Successful Finance Transformation

A brief overview of best practices for a successful transformation of Finance.

Format: Word

Why Purchase Finance Transformation Project Deliverables?

The Finance Transformation Project Deliverables comprises high-quality deliverables that project teams can quickly customize to the needs of an enterprise. Using pre-built transformation deliverables means high cost, effort, and time savings for the project teams.

The Time to Value:

Instead of spending months and expending tons of effort, the Finance Transformation Toolkit accelerates time to value.

Focus on Execution:

The goal is to enable project teams to focus on performance and not necessarily artifact creation.

Cost Savings:

Imagine the amount of money you can save by using the Finance Transformation Project Deliverables as a straw deliverable and a starting point. Getting all these deliverables done by a consulting firm will cost tens of thousands, often hundreds of thousands, whereas you can get going immediately for a fraction of that cost.

What if we don’t want all the Finance Transformation Project Deliverables?

The deliverables are offered at a meager bundled price, making them incredibly valuable and eminently economical for any firm interested in them. We realize not every deliverable is a part of the project management practice of every firm. So please feel free to personalize and use what you need.

Can you help us Customize Transformation Deliverables?

Our consultants will leverage the Finance Transformation Project Deliverables as a starting point and customize them to a company’s unique needs. The time and cost will depend on the level of customization and the specificity you need from us.

Stipulations:

• We sell digital products, so Finantrix will not accept returns, refunds, or replacements. Therefore, please review the product description carefully before making a purchasing decision.
• Depending on the various factors specific to your firm, the content and coverage may or may not apply to your situation.
• Consultants, who may wish to use the templates and deliverables for several clients, have different terms and prices.
• Sold on an as-is basis and no warranties
• This sale does not include implementation help or support. If you need professional services assistance, please get in touch with us.
• Please review our standard terms of service.