COURSE OBJECTIVES: Many finance functions are being challenged by their organisations to become more commercial. This course looks at the challenges involved in this, and offers practical insights into how to combine the business partner, value adding components of finance with its traditional control and governance role.
The course will cover many of the challenges posed by CEOs to finance, such as:
- How can you demonstrate your effectiveness and benchmark yourself?
- How can you help me align the cost base to our strategic objectives?
- How can you give me a balanced view of our corporate performance?
- How should we organise finance to improve service delivery whilst reducing costs?
- How can we empower our senior managers to become more effective decision makers?
- What products/channels/customer groupings are generating value for us?
The course will include case study examples of commercial finance in action and will look at how this impacts organisational success.
COURSE CONTENT
- Overview of finance performance improvement initiatives
- Introduction to ‘World Class Finance’
- How to assess where you are and where you need to go
- Benchmarking the finance function
- The technologies and approaches available
- Outsourcing/shared service centres
- Activity based approaches to cost management
- Implementing a service level culture
- Current approaches to performance management – balanced scorecard revisited?
- Commercial finance - case study examples
- Planning and budgeting
- Measuring success
- Finance systems architectures
- Implementation approaches
WHO SHOULD ATTEND
This course is specifically designed for senior finance professionals who are responsible for the management of the finance function within an organisation, and upward reporting to senior management and board directors.
"A valuable course where it was possible to obtain new ideas or concepts to implement back in the workplace."
Would you like this course run in-house? Call us on 0207 566 8207 to find out more