Assessing Finance

optim2 has a strong track record of delivering detailed Finance assessment through a facilitative approach that engages stakeholder, and is backed by data to justify any recommendations. The outcome includes identification of opportunities for improvement, a fully defined future state operating model (organisation structure, headcount, accountabilities), and transformation plan to execute. The benefit is a business case for change, supported by a practical and realisable plan

Do we have the right Finance operating model
to best support the business?

optim2 are routinely asked the questions – what should the cost of Finance be as a percentage of revenue?, or what should the headcount of Finance be? The questions raise more issues than they answer, including what is Finance, what is its role, and where are the gaps? To fully assess the Finance organisation both core and business embedded components need to be included, and it is critical to consider the different objectives of each component.

Typical Scope

Finance strategic
review

Target operating model
definition

optim2 Finance Accountability Matrix

Example Functions

  • Purchase to pay
  • Invoice to Reciept
  • Payroll

Objectives

  • Standardisation
  • Lower cost
  • Customer service

Example Functions

  • Month end
  • Finance Reporting
  • Reconciliations

Objectives

  • Timeliness
  • Accuracy
  • Quality

Example Functions

  • Reporting
  • Costing
  • Analysis and Insights

Objectives

  • Consistency
  • Costing
  • Business insight

Example Functions

  • Planning
  • Budgeting
  • Forecasting

Objectives

  • Decision support
  • Engagement
  • Action focused

Example Functions

  • Treasury
  • Internal Audit
  • Taxation

Objectives

  • Expertisey
  • Compliance
  • Oversight

How does Finance become a better business
partner?

optim2 assess the quality of your financial information (i.e. the ability to support business decision making) with the level of Finance integration with the business (i.e. people, process and technology).