Finance Transformation Definition:
CIOPages.com defines Finance Transformation as a foundational change encompassing the re-envisioning of the finance operating model, restructuring the accounting and finance organizations, re-engineering of the core accounting and finance processes, additions and enhancements of finance capabilities, and very often re-platforming of the finance and accounting systems.
Finance Capabilities Impacted by the Transformation:
Finance transformation impacts one or more of the following finance capabilities:
- General Ledger
- Finance Close and Reporting
- Cash Management
- Treasury
- Budgeting and Capital Allocation
- Working Capital Management
- Decision Support
- Audit
- Compliance
- Risk Management
The scope of the Finance Transformation:
Finance transformation encompasses several of the following areas, typically accomplished in concert, and detailed in a Finance Transformation Roadmap, to leapfrog the finance function to the next level.
- Finance Strategy
- Finance Operating Model
- Finance Capabilities
- Finance Structure and People
- Accounting and Finance Processes
- Finance Operating Model
- Finance and Accounting Technology
- Finance and Accounting Data
- Governance and Controls
Finance Transformation Process:
An outline of the finance transformation process:

Finance Transformation Process
Alternative Names:
Accounting and Finance Transformation, Financial Transformation, Transforming Finance
Additional Information and Links for Finance Transformation:
Finance Transformation Tools and Templates:
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Finance and Accounting Business Capability Model
$699.00–$1,999.00 -
Finance Transformation Change Management Plan
$99.00–$299.00 -
Finance Transformation Project Checklist
$25.00–$75.00 -
Finance Transformation Project Plan
$99.00–$299.00 -
Finance Transformation Software Top Features
$25.00–$75.00 -
Finance Value Streams
$299.00–$799.00
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