Modernization of the finance function

The finance functions of most companies are currently facing major challenges in light of disruption and digitalization. On the one hand, there are significant changes in business models, such as the disruption caused by e-mobility in the automotive sector or digitalization in retail, which must also be reflected in companies' finance and accounting systems. On the other hand, digitalization is also having a significant impact on the finance function itself: Conversion to SAP S/4HANA, the use of robotic process automation (RPA), digital workflows, predictive analytics and artificial intelligence (AI) are just a few examples.

These two key influences generally need to be taken into account when setting up a (new) finance function, but especially when optimizing existing finance functions.

Solutions for the modernization of the finance function in companies

Our services in the area of development and modernization of the finance function are particularly relevant for you in the following situations:

• New formation or carve-out of a company and the associated need to restructure the financial organization

• Significant changes to a company's business model with corresponding implications for the finance function

• The status quo of a company's finance function compared to the competition (benchmarking) or on the basis of a state-of-the-art start-up (greenfield approach) is unclear

• Generally high levels of efficiency in terms of quality, time and costs in the finance function

  Low degree of digitalization or automation of the finance function

Support for the modernization of the finance function

Our services in the area of development and modernization of the finance function include in particular:

• Development of a finance roadmap for your company, consisting of short-, medium- and long-term automation and digitalization potentials in the finance area
• Analysis of existing structures, processes and systems in the finance area for optimization potential
• Design and implementation of optimization measures for your company's financial structures, processes and systems
• Software selection and implementation support for tools for your finance department
•  Change management support for optimization projects in the finance area

Please do not hesitate to contact us if you are interested or have any questions.