Finance Organizational Capabilities ListWhat are the core finance organizational capabilities of a world-class accounting and finance function?  From a nomenclature point of view, what we are referring to here is not the business architecture related business capabilities model, but more of the accounting and finance organizational capabilities, as in the functional and structural components. (Finance business capabilities model builds on similar constructs and concepts, but a capability map is more of an abstract decomposition of the underlying capabilities into granular entities.)

Today, the demands on the accounting and finance functions have increased tremendously. The CFO role has evolved and the accounting and finance functions followed suit.  The C-suite relies on accounting and finance for keeping a pulse on the business vitals, deployment of capital, prudent management of cash and assets, agile support for corporate actions and special situations, and financial data for better decision making.

Finance Organizational Capabilities:

The following are the critical organizational capabilities listed in alphabetical order.

Accounting and Finance Operations
Business Enablement and Decision Support
Capital Budgeting
Compliance
Cost Accounting
Credit Management
Financial Accounting
Financial Audit
Financial Closing
Financial Strategy and Planning
Governance
Management Accounting
Payroll
Regulatory Reporting
Risk
Shareholder Relations
Taxation
Treasury Management

 

World-class finance organization should try to excel at these capabilities to transform the accounting and finance function from a bean counter to a strategic business support function.

How does one use these Finance Organizational Capabilities?

CIOPages.com Finance Transformation Products:

  • Finance Capabilities Model

    Finance and Accounting Business Capability Model

    Finance and Accounting Business Capability Model: The CIOPages.com Finance and Accounting business capability model is a hierarchically decomposed list of capabilities which captures the end-to-end entities that span the finance and accounting function. The accounting and finance business capability...
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  • Sale! Finance and Accounting Transformation Change Management Plan

    Finance and Accounting Transformation Change Management Plan

    CIOPages.com Finance and Accounting Transformation Change Management Plan is a customizable deliverable outlining the concepts and specific action plans required to implement change management plans as a part of significant process re-engineering or systems implementation in the F&A function. Th...
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    Finance Transformation Business Requirements

    Accounting and Finance Transformation Business Requirements, a CIOPages accelerator, is a comprehensive, industry-agnostic, multi-purpose business requirements list. The Finance Transformation Business Requirements list is a starting point for any enterprise F&A transformation, including detaile...
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    Finance Transformation Failure Risks

    Finance Transformation Failure Risks makes you aware of what can cause failure and avoid the mistakes. Research has established that most major transformation programs either fail or underperform. A Finance and Accounting Transformation program is no exception from the failure risk. This CIOPages.co...
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    Finance Transformation Software Implementation Project Plan

    Finance Transformation Software Implementation Project Plan is a sample list of customizable project planning items. The Accounting and Finance Transformation Software Implementation Project Plan will help any firm embarking on an enterprise-wide finance and accounting transformation and can be mod...
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  • Finance Value Streams

    Finance Value Streams

    CIOPages.com Finance Value Streams (also known as Record to Report Value Streams) deliverable captures the end-to-end activity flows in the finance and accounting areas. These Report to Record Value Streams offer a structural basis to map and define/redefine a stakeholder experience and IT enable th...
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Finance Offerings from our Partners:

 

Cloud Finance and Accounting

 

Vendor Relationships through Strategic Contracting

 

Project Management for Accounting and Finance

 

Managing Change as a Finance Leader

 

Transformational Leadership

 

Digital Transformation of Finance