In an era of globalization, increasing economic pressures and significant regulatory scrutiny, the role of today’s finance executives is broader than ever. Chief financial officers (CFOs) can no longer focus solely on accounting transactions and financial reporting; they must become strategic business partners, providing specific internal and external skills and services across their organizations. How can you prioritize the responsibilities of your finance organization to reduce costs, improve information management, effectively communicate external financial information and provide guidance to CEOs and boards of directors on the financial implications of strategic decisions?
We have worked with thousands of CFOs and finance organizations to deliver reliable, cost-effective solutions that help CFOs address their key challenges. Our “one size fits one” solutions are designed to adapt of each client’s needs.
Meet new regulatory demands and respond to accounting challenges
BearingPoint’s Finance Strategy and Process Improvement Solution can help clients keep abreast of current accounting regulation and growing regulations. Our approach can help you:
- Navigate XBRL-related decisions and develop plans that focus on compliance and value-added opportunities in their reporting functions.
- Migrate to IFRS by identifying processes that require updating, developing implementation roadmaps, understanding necessary technologies and ultimately completing successful migrations.
- Understand the value of Accounting Standard No. 5 and improve the control environment while reducing compliance costs.
Focus Finance on Key Success Levers
We can help you transform your finance organization to:
- Improve information management and build better business partnerships — We work with you to develop planning, budgeting and reporting systems that allow finance and business units to share information in a timely and cost-effective way the provides financial visibility into decision making, streamlined processes and collaboration with other departments.
- Boost ROI through transformation — We can help you assess specific areas to focus on through targeted benchmarking, process analysis and business case development. Recently, we have helped clients improve revenue recognition, close and consolidation processes, shared services and outsourcing, and further automation of traditional transaction processing, such as accounts payable.
- Promote innovation and growth — We can help you increase emphasis on business case development and performance/program management to develop the analytics necessary to generate quantifiable data around profitability metrics, price point analysis, marketing analysis and other areas of innovation.
Find out more about our Finance Strategy and Process Improvement Solutions. Contact Us
