Finance Process Optimization
Process Maturity Assessment
Many organizations have processes and systems that are outdated or not fully integrated, resulting in inefficiency and high cost of operations. Finance and accounting processes are core to any business and integrates into demand and supply chain transactions resulting in the creation of financial statements in the month-end close process. The assessment uses a structured approach, best practices and industry benchmarking to identify gaps and transformation opportunities.
Advice on Digital Strategy, Software and Tools
Digital transformation is the automation of operations using appropriate digital technology. This requires analysis of the digital technology landscape, and trends, and developing a strategy based on business needs. This is followed by a selection of appropriate software and hardware to implement the transformation. Sometimes an RFP (Request for Proposal) may be needed to match software capability to business requirements.
ERP Software Implementation Support
The success of a digital transformation project to implement a ERP software such as SAP, needs a team of key business users, external consulting skills, and program or project management. Adequate guidance on methodology and software project implementation is needed to ensure that the project is completed on-time, within budget and quality standards.
Data Analytics Implementation Support
Data Analytics can provide strategic insight to find trends and draw conclusions that aids effective decisions. Analytics has emerged as a key tool in Finance and Accounting. Analytics Implementation support is needed to perform Extract, Transform and Load (ETL) of data and Visualization of output via dashboards and reports.
The MYiCFO team has extensive expertise in business process optimization and digital transformation which has been obtained via hand’s-on implementation of SAP S/4 HANA ERP solutions at Fortune 1000 enterprises.
Our team has Program and Project Managers, certified with the internationally recognized Project Management Professional (PMP) certification, who can help guide successful project implementation.