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Development & Modernization of the Finance Function

The finance functions of most companies are currently facing major challenges against the backdrop of disruption and digitization. On the one hand, there are significant changes in business models such as disruption through e-mobility in the automotive sector or digitization in the retail sector, which must also be reflected in the financial and accounting systems of companies. On the other hand, digitization also has a significant impact on the finance function itself: The key words are conversion to S/4 HANA, use of robotic process automation (RPA), digital workflows, predictive analytics or artificial intelligence (AI).

These two essential influences must generally be taken into account when setting up or structuring a finance function, but in particular also when optimizing existing finance functions.

Solutions for the Modernization of the Finance Function in Companies

Our services in the area of setting up and modernizing the finance function are particularly relevant for you in the following situations:

  • Establishment or carve-out of a company and thus the need to restructure the finance organization
  • Significant changes in the business model of your company with corresponding implications for the area of finance
  • The status quo of your company’s finance function in comparison to the competition (benchmarking) or on the basis of a state-of-the-art establishment of a company (greenfield approach) is unclear.
  • Generally high efficiencies in terms of quality, time and costs in the finance function
  • Low level of digitization or automation of your finance function

Support for the Modernization of the Finance Function

Our services in the area of setting up and modernizing the finance function include in particular:

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

If you are interested or have any questions, please contact us.

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 Jürgen Diehm Partner