Services
M: +96 65 5834 4033
E: reda@corpstrategyconsulting.com.au
Sydney, Australia
Riyadh, Kingdom of Saudi Arabia
FINANCE BUSINESS PERFORMANCE
At CSC, we always look at the bigger picture. We work with your management to learn the ins and outs of your financial structure and how it interacts with the rest of your business. This allows us to assess your organisation’s strategy and determine whether your business is able to achieve its desired strategic goals. Our strategic finance solutions help facilitate and manage this process.
We measure your company’s profitability and returns. This provides us with insight on your company’s cost behaviours, identifying low value, redundant or duplicate use of resources and activities.
Any costly activities are immediately brought to surface with our dynamic finance function assessment reporting. This aims to improve management reporting systems and ensures:
A standardised yet closed documented process;
Reports are centred around key performance indicators;
Any initial variance analysis and commentary are addressed in your company’s management reports; and
Reports include the financial information that a business has actually requested and needs.
The key financial performance services CSC undertakes include:
- Finance transformation
- Budgeting and consolidation
- Management costing systems
- Financial organisation structure
- Strategy articulation
- Accounting and management information reporting
Finance Transformation
It’s not only important to understand the financial performance of your business, but how it operates and interacts with the rest of your company. We identify this by capturing your overarching Finance Function Strategy and Performance metrics.
- Finance Function Strategy:
We undertake vision development and blueprinting to see what interfaces work with your business. We then establish performance setting and measurement targets. - We also offer the Finance function service delivery which allows us to explore the possibility of centralising or decentralising any shared service centers that surround your business.
- Finance Function Performance:
We tackle re-engineering processes and control measures to ensure there is a realistic alignment with your organisation. Technology exploitation (including financial functions and information management) and your company’s working capital management are also assessed here.
Budgeting and Consolidation
We look for economic paths to budget and amalgamate processes within your business, which include:
Top management reviews/approvals;
Budget approval processes;
Guidance on budget preparation;
Create standardise forms for usage;
Scheduling preparation and reviews of planning forecasts;
Grouping and management of business unit budgets (and plans); and
Operational cost planning and capital expenditure assessments.
Management Costing Systems
We help your business budget and plan for costs by implementing systems that measure all profit and return activities. This allows us to analyse cost behaviours and identify low-value, unused or duplicate activities.
This helps you with price-setting and internal / external reporting requirements, particularly in regulated environments.
Financial Organisation Structure
Examining your organisational charts help us understand your resourcing levels and how they sit against your company strategies. We then take into consideration your financial analytics to determine any organisational discrepancies.
We create and test new model structures to ensure these scenarios fit with the overall company goals and requirements.
Strategy Articulation
A successful company only exists if you have clearly articulated strategies and business objectives. We aim to translate your strategies and determine whether they facilitate or hinder your company to achieve its goals.
CSC establishes a robust foundation on which to develop your business’ core practices, company structure, workforce capability and management systems.
We identify where a process or function belongs within your ‘value-chain’ and set the framework for any new structures that transpire as a result.
Once we establish a suitable framework, we ensure your business is equipped with an efficient strategy and tools for structural improvements.
We pride ourselves on our ability to outperform by creating practical realisation guidelines, listing the necessary accountabilities and process roles required here.
Accounting and Management Information Reporting
Management reporting is vital for monitoring performance, tracking against targets and creating strategic decisions. In order to do this, we need to first generate accurate and timely management reporting systems.
We establish high-level process maps that identify the key steps needed to ultimately establish formalised reporting systems. We create a work distribution analysis that identify any activities that are consuming most of your staff’s time. These process maps also help develop more effective finance and accounting procedures that are equipped for the future.