By: Ciopages Staff Writer
Updated on: Feb 25, 2023
CIOPages.com Accounting and Finance Transformation Framework is a simple and cohesive approach to planning and executing a fundamental shift in how finance and accounting work.
Before we dissect the components of the Accounting and Finance Transformation Framework briefly, please also note that CIOPages.com offers a Finance and Accounting Transformation Toolkit, and other finance and accounting transformation resources.
Transforming accounting and finance functions are a non-trivial task, particularly it involves transformation involving the operating model, the key value streams and processes, people and their roles.
CIOPages.com Accounting and Finance Transformation Framework starts with understanding the strategic context of the proposed transformation. This will involve understanding the business needs and corporate objectives, the future vision of the company and the expectations from accounting and finance functions.
Executive Intent details the goals, objectives and desired outcomes as well as the level of support for the accounting and finance transformation endeavor. You may want to create a stakeholder map to capture the degree of interest, influence, and intent of various stakeholders.
The transformation charter is a concise but a coherent summary of what problems the firm is trying to solve for and the desired outcomes from the transformation endeavor. It is not a detailed business case or a project charter, but a higher-level document.
The next component of the accounting and finance transformation framework is identifying and documenting the factors that are necessitating the transformation. These transformation drivers include the following:
The candidate value streams address the scope and enormity of the transformation challenge by identifying end-to-end Accounting and Finance value streams of the company. It depends on how big of change your business is undertaking, but typically the value streams could be Record to Report, Data to Insight, Order to Cash, Procure to Pay, etc.
CIOPages.com Accounting and Finance Transformation Framework outlines six steps in implementing a finance transformation program.
Needless to add no accounting and finance transformation framework is complete without program administration and governance. This includes the way the project is funded, the steering committees who are accountable, the governance structure, the PMO office, as well as projects and work streams. Should you need it, CIOPages.com offers a finance and accounting transformation project plan list.
A Change management Plan is a critical consideration in any transformation endeavor. Hence including a robust change management and adoption plan will be extremely vital in making any major transformation program a success.
You can download the CIOPages.com Accounting and Finance Transformation Framework PowerPoint slide for free (after social sharing). And of course, you modify the power point for your own needs, as long as it contains the citation “Adapted from CIOPages.com Accounting and Finance Transformation Framework.”
Individual License: Where we offer an individual license, you can use the deliverable for personal use. You pay only once for using the deliverable forever. You are entitled any new updates within 12 months.
Enterprise License: If you are representing a company, irrespective of size, and intend to use the deliverables as a part of your enterprise transformation, the enterprise license is applicable in your situation. You pay only once for using the deliverable forever. You are entitled any new updates within 12 months.
Consultancy License: A consulting or professional services or IT services company that intends to use the deliverables for their client work need to pay the consultancy license fee. You pay only once for using the deliverable forever. You are entitled any new updates within 12 months.
We are sorry, but we cannot send or show sample deliverables. There are two reasons: A) The deliverables are our intellectual property, and we cannot share the same. B) While you may be a genuine buyer, our experience in the past has not been great with too many browsers and not many buyers. We believe the depth of the information in the product description and the snippets we provide are sufficient to understand the scope and quality of our products.
We process each transaction manually and hence, processing a deliverable may take anywhere from a few minutes to up to a day. The reason is to ensure appropriate licensing and also validating the deliverables.
Your best bet is to log in to the portal and download the products from the included links. The links do not expire.
Yes. You can only download the products three times. We believe that is sufficient for any genuine usage situation. Of course, once you download, you can save electronic copies to your computer or a cloud drive.
You can share the deliverables within a company for proper use. You cannot share the deliverables outside your company. Selling or giving away free is prohibited, as well.
Not generally. Compared to our professional services fee, the price of our products is a fraction of what we charge for custom work. Hence, our business model does not support pre-sales support.
Yes, for a separate fee. You can hire our consultants for remote help and in some cases for onsite assistance. Please Contact Us.