Finance Transformation – Finarti Consulting

Finance Transformation

  • Expedite Month Close

    Standardize and Automate Processes, Continuous Close Practices, Leverage Real-Time Data, Use Closing Dashboards, Enhance Collaboration, Strengthen Account Reconciliations, Optimize Approval Workflows, Continuous Process Improvement, Cloud-Based Solutions, Minimize Adjustments and Corrections.

  • FP&A Transformation

    Automation and Process Optimization, Data Integration and Management, Advanced Analytics and Predictive Modeling, Strategic Business Partnership, Cultural and Skillset Evolution, Technology Enablement, FP&A Center of Excellence.

  • Cash Flow Optimization

    Enhance Receivables Management, Optimize Payables Management, Inventory Management, Cost Control and Expense Management, Revenue Optimization, Short-Term Financing Options, Cash Flow Forecasting (13 weeks, and Total Year), Tax Planning, Technology and Automation, Cross-Functional Collaboration.

  • Operational Excellence

    Leadership and Culture, Process Optimization, Customer-Centric Focus, Technology and Automation, Performance Measurement, Continuous Improvement

  • Margin Improvement

    Revenue Enhancement, Cost Management, Product and Service Optimization, Technology and Analytics, Workforce Optimization, Reduce Overhead Costs, Focus on High-Margin Customers.

  • Incubate Shared Services

    Define the Scope and Objectives, Design the Shared Services Model, Implement Technology and Automation, Pilot the Shared Services Model, Scale and Expand, Ensure Change Management and Communication.

Case Studies

Clinical Research Organizations | Optimize Month End Close

Led a 3 months Finance Transformation project that optimized the month-end closing process, reducing cycle time from 45 days to just 6 days. This was achieved by using Lean Six Sigma Methodology (applied process improvement techniques to identify inefficiencies and streamline workflows) and Domain Expertise (leveraged deep knowledge in CFO functions, accounting, and the service industry to implement practical solutions).

Clinical Research Organizations | Optimize Month End Close

Led a 3 months Finance Transformation project that optimized the month-end closing process, reducing cycle time from 45 days to just 6 days. This was achieved by using Lean Six Sigma Methodology (applied process improvement techniques to identify inefficiencies and streamline workflows) and Domain Expertise (leveraged deep knowledge in CFO functions, accounting, and the service industry to implement practical solutions).

Manufacturing | FP&A Center of Excellence

Developed a comprehensive set of KPI metrics in 3 months tailored to align with both current and future business models through Value Stream Mapping that Identifies key processes and metrics to drive efficiency and value, Lean Six Sigma proven methodologies to refine and prioritize impactful KPIs, FP&A Tools for advanced analytical tools to create actionable and data-driven metrics and leveraging deep sector knowledge.

Manufacturing | FP&A Center of Excellence

Developed a comprehensive set of KPI metrics in 3 months tailored to align with both current and future business models through Value Stream Mapping that Identifies key processes and metrics to drive efficiency and value, Lean Six Sigma proven methodologies to refine and prioritize impactful KPIs, FP&A Tools for advanced analytical tools to create actionable and data-driven metrics and leveraging deep sector knowledge.

IT Staffing | New Accounting Structure

Established Chart of Accounts in QuickBooks (QB) and integrated it with operating systems & banks. Key accomplishments include Accounting Services and FP&A Center of Excellence, accelerating Month-End Close from 45 days to 6 days, database creation from the ground up, enabling advanced analyses and generating dynamic reports, driving business decisions through actionable insights and detailed reporting. The project took 6 months.

IT Staffing | New Accounting Structure

Established Chart of Accounts in QuickBooks (QB) and integrated it with operating systems & banks. Key accomplishments include Accounting Services and FP&A Center of Excellence, accelerating Month-End Close from 45 days to 6 days, database creation from the ground up, enabling advanced analyses and generating dynamic reports, driving business decisions through actionable insights and detailed reporting. The project took 6 months.

IT Services | Days Sales Outstanding (DSO) Reduction

Achieved a substantial decrease in Days Sales Outstanding (DSO) from 81 days to 65 days by implementing key initiatives, including Enhanced Billing Discipline, Renegotiation of Collection Terms, adding collection as a KPI for bonus, weekly Aged Items Review, Proactive AR Issue Resolution, Low-Cost Factoring. The project took 6 months.

IT Services | Days Sales Outstanding (DSO) Reduction

Achieved a substantial decrease in Days Sales Outstanding (DSO) from 81 days to 65 days by implementing key initiatives, including Enhanced Billing Discipline, Renegotiation of Collection Terms, adding collection as a KPI for bonus, weekly Aged Items Review, Proactive AR Issue Resolution, Low-Cost Factoring. The project took 6 months.

Headquarter | USA

Address

9, Morton Road, Livingston
New Jersey, USA 07039

Email

help@finarticonsulting.com

Phone

+1 (262) 744-9364

Office | India

Address

B1/214, Tower 12, Silver City 2, Sector Pi 2 Greater Noida
Uttar Pradesh, 201310 India

Email

help@finarticonsulting.com

Phone

+91 98307 00776

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