Focused, Fast, and Affordable
Finance transformation projects, sometimes called finance modernization or digitalization, are a combination of process reengineering, organizational optimization, and software modernization that aim to make planning and analysis more dynamic, frequent, forward-looking, collaborative, participatory, and inclusive of operations. As part of these initiatives manual processes are automated and streamlined which reduces errors, speeds up financial cycles, and leaves more time and resources available for analysis.
Unfortunately, for many companies these projects have been out of reach. The services are usually too costly, the process takes too long, and it can be a major drain on internal resources. This is a particular challenge for midmarket and upper midmarket organizations. That is why we have introduced our own focused, fast, and affordable Finance Transformation Services. Our offering delivers the key benefits of the larger projects, but in a shorter timeframe, and at a lower price point. We like to think of it is as Finance Transformation for the rest of us.
Benefits of the BPM Partners Approach
The project is kept to a manageable size by focusing on the areas of greatest impact, and the tasks where consultants can add the most value
These projects deliver results at an accelerated pace, which means you can reap the benefits sooner, while also freeing up key resources
Our focus, proven methodology, and expert resources enable us to offer this service at a very competitive price
Our industry-leading Vendor Selection services complete the offering to ensure you have the right technology to support your redesigned processes
During the combined Finance Transformation/Vendor Selection process the BPM Partners team will do the following:
- Run comprehensive Focus Interviews
- Perform High-Level FP&A Analysis and Diagnostics including FP&A maturity model assessment and ‘To Be’ model, organization structure ‘To Be’ model, application architecture ‘To Be’ model
- Lead the Detailed Planning Process Analysis that includes developing process diagrams and a matrix looking at issues/opportunities and ease/impact
- Deliver a detailed Blueprint with a Phased Roadmap for streamlining, optimizing, and integrating your FP&A processes and structures
- Develop an Application Requirements Report, Vendor Recommendations Report, and Proof of Concept Demo Script for the vendor selection process
- Conduct a thorough Vendor Selection/Validation process to ensure that you select and deploy the right technology to support your newly optimized processes and organization
… With BPM Partners experts we were able to ensure that we developed a thorough understanding of end-users needs and expectations, allowing us to build buy-in at an early stage and undertake a more efficient vendor selection and implementation process. …
… BPM Partners brought a vendor to the table that we didn’t know about, which ultimately met both our business and financial needs more closely than the options we were previously considering …
BPM Partners gave us exactly what we were looking for, and provided a valuable level of BPM expertise that companies just do not have internally.
“I was genuinely impressed with the willingness of BPM Partners to have a no obligation call where I could describe my business issues, receive selected pieces of expert guidance and industry perspective, and learn more about potential solutions.”
… With the services provided by BPM Partners, we are confident that we arrived at a faster conclusion of our BPM initiative than if we had done it alone.
BPM Partners further educated us on the budgeting market, vendors and their offerings, so that we could take a huge list of options and confidently choose the right package for Latham & Watkins.
… In the end BPM Partners helped us to accomplish our objective of choosing the best vendor to meet our needs.
BPM Partners provided the guidance and structure needed for us to feel confident we came to the right conclusion for our company.
Ultimately we got more than we expected and the benefit we received from your services greatly outweighed the cost. BPM Partners proved invaluable in getting our project on track …
BPM Partners skillfully guided our discussions regarding our business requirements and their knowledge of the space was invaluable saving us a great deal of time.
… I am confident that if we would have engaged BPM Partners earlier, we would have selected our optimal BPM vendor faster and with greater confidence that we were making the right decision for our business.
We appreciated the fact that there was one senior consultant to deal with and not an army of consultants. In addition, the level of access and speed of response received from BPM Partners … was very beneficial to us.
BPM Partners provided structured processes, tools, contacts, expertise and insight into the vendors that we didn’t have in house. Their guidance and processes were tremendously valuable …
BPM Partners provided outstanding service and I only wish we had found them sooner!
BPM Partners helped us … validate the vendors we were looking at, as well as assist us in obtaining a significantly better price from our vendor of choice than previously offered.
… The knowledge [BPM] shared during Engagement Management about how to bring the best resources to bear on our project helped maintain project momentum and minimize rework.
BPM Partners’ resources allowed us to evaluate a larger range of vendors than we could have solely using our internal staff. Their methodology helped us to quickly identify the software vendors with the best fit for our requirements.
… As the project progressed we appreciated how [BPM] provided direction and feedback along the way, but then stood back and allowed us to make the final decisions. They were a great value for the money.
Without … BPM Partners, we would have had difficulty arriving at the right vendor to suit our needs. … We were making a ‘once in a decade’ choice – with the money and effort we were planning to invest, we could not afford a misstep.
… BPM Partners provided the expert guidance, structured processes, and valuable vendor insights and relationships we needed to meet our timeline and feel confident with the end result.
We found BPM Partners’ independent, in-depth knowledge of the various vendor product’s strengths, weaknesses and unique features to be extremely valuable. …
BPM Partners’ objectivity, analysis capabilities and ability to quickly grasp our business helped ensure we made an informed vendor decision based on our unique business requirements. …
One of the main strengths BPM Partners brought to the project was their depth of business performance management expertise.
The personnel from BPM Partners were flexible, accommodating, timely and provided just the right level of support. They were also a good value for the money.
… BPM Partners … helped us develop a negotiation strategy that secured pricing with the vendor that we would not have been able to obtain ourselves. This savings more than paid for BPM Partners’ services. …
Still in the research and planning stage of your performance management project? Schedule a free expert session and get all your pressing questions answered.