A Leading Manufacturer of Coffee Products across the Globe.
Business Requirement :
The key objectives of this engagement would be to provide a CFO office and manage the entire function of CFO in the organization.
Conducting Finance Operations efficiently and effectively.
Managing the assets of the organization by minimizing risks and getting the books right.
Handling the company’s overall direction.
Strategic Business Analyst.
Cash and Working Capital Management.
Cost Containment and Expense Management.
Identified Process Challenges :
Difficulty in Keeping Internal Controls Lean and Balanced.
Unable to Generate more insights from less data.
Less role of finance function across the organization.
Difficulty in Producing accurate and timely financial reports.
Approach and Solution Design :
Process area wise risk register was developed, and Gaps were identified across the locations and best practices were recommended to be put in place.
Identified the flow of data across software and interfaces and developed a framework of reporting MIS to Top and Middle Management.
Expanded the influence of finance function by enabling periodical process review with operations team.
Reviewed the information systems and processes and enabled financial transaction process optimization.
Business Benefit and Result :
Integrated Performance Management.
Financial Closure and reporting optimization.
Balanced and Lean Internal Control Environment.