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Finance Function

Are resources deployed in non value-added activities?

As processes become more streamlined and automated the proportion of 'added value' tasks should increase, but does it?  Are you assessing value add by its 'business worth'.  The science is in its early days, but it is analogous to risk assessment - the difference between Gross and Nett risk is the value of the measures that have been put in place for 'risk avoidance' - So it is with 'added value' - without it business decision would be weakened if not impossible to make.

 'Value added' assessments:

• Resources are assessed against a comprehensive list of tasks - % value add is calculated
• Value added tasks are graded for their contribution to business
• Intrinsic business knowledge is evaluated
• Unique and scarce skills are valued properly against market rates
• Finance staffs contribution to decision-making is assessed through client surveys

Do you know your processes?

• Are your process as efficient as they could be?
• Do they have integrity, or could they be abused?
• Does your documentation stand up to ISO standards?
• Are your procedures sat on a shelf gathering dust - out of date with current working practices?

In carrying out benchmarking with many major international organisations we have in-depth knowledge of finance and accounting processes.  Our process mapping has been used not only for performance efficiency improvement but to identify weaknesses in control systems and to bring up to quality standards.  Using our mapping software you will be able to launch your documentation to the intranet, making it available to the whole enterprise.