Business Process Optimization

Increasing cost pressure and rising regulations necessitate flexible and efficient processes We support you with an integrated, holistic approach from conception to implementation.

Overview

In light of continuous changes in markets and business models, as well as increasing regulatory requirements, the finance function of companies is confronted with major challenges. The work environment is evolving, requiring constant adaptation of work methods and models. Beyond the need for greater flexibility and agility in responding to changing conditions, it is especially the challenges of digitalization that must be addressed.

For CFOs, a modern, efficient, and sustainable finance organization with effective processes is therefore of central importance today.

We offer comprehensive support and bring in-depth expertise in optimizing financial structures and processes. Our approach includes end-to-end optimization of key financial processes to identify efficiency potential and increase transparency while ensuring governance and control structures are maintained. We focus on targeted digitalization and automation to simplify repetitive processes (e.g., in the year-end closing process) and increase responsiveness to market demands.

Services

Business Process Optimization

Ask the team:

Why is the focus on end-to-end processes increasingly important in the finance department?

Well-coordinated and efficiently timed end-to-end processes are highly beneficial for modern corporate management. However, the reality often looks different, with historically grown structures and silo thinking prevailing. The “Order-to-Cash” process spanning from sales to logistics to financial accounting demonstrates the intricate connection between all processes and departments are.

This simple example highlights that work steps follow processes involving large parts of the company. Consequently, the organizational structure of finance functions is progressively moving away from isolated departments and silos toward business partners and organizations designed end-to-end around processes.

Why is a digitalized closing process essential for companies?

Today, companies can no longer rely on a closing process based on complex and error-prone Excel spreadsheets and manual data interfaces. A clean, digitalized, and future-proof closing process must be established to optimally support existing resources and meet the regulatory, time, and quality requirements for closing. Implementing a financial performance measurement tool (e.g. LucaNet) facilitates a seamless, automated, and transparent workflow. Financial data is centrally recorded, validated, and managed, spanning the entire process, from data collection and valuation to reporting and disclosure.

How we help our clients

All services

All industries