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.