Product Description

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 detailed business requirements gathering and crafting a Vendor RFI/RFP.

Finance Transformation Business Requirements

Finance Transformation Business Requirements

What do I get?

  • Accounting and Finance Transformation Business Requirements is a spreadsheet with about ~250 business requirements. Teams can easily customize these requirements based on a company’s needs.
  • The Business Requirements list is broken down into various Categories, subcategories (where necessary) and then the Business Requirements

What do I not get?

  • The Accounting and Finance Transformation Business Requirements does not comprise of Technical, Architecture and Infrastructure Requirements
  • Typical Vendor RFP questions such as Vendor profile, licensing information, etc. (CIOPages.com offers a separate Vendor RFP template as a separate deliverable.)

What is Finance Transformation Business Requirements?

The deliverable comprises 250 business requirements spanning all key functional areas of Finance and Accounting.

Each of the requirements is in the form of “The system shall <do something>.”
If you need to translate them into Agile Stories in the well-known template: “As a _____________, I want __________________, so that ____________”, it is easy to do reframe the requirements. Please do let us know if you need any help.

Caveats:

  • As the Accounting and Finance Transformation Business Requirements is a digital product, there are absolutely NO Returns.
  • Depending on your industry, the type of finance and accounting functions, processes and practices you follow, and the scope of your transformation, some of the requirements may not be relevant to you.
  • If you are a consultant or a consulting company, there is a different pricing, license, and terms.
  • Sold on an as-is basis and with no warranties
  • This sale does not include implementation help or support. If you need professional services assistance, please contact us.
  • Please review our standard terms of service.

Need Consulting or Advisory Services?

Need Customization Help? Contact Us

Are these really “Business Requirements”?

Indeed these are REAL business requirements. Top notch management consultants with domain experience conceptualized and created the operational requirements of a finance transformation.  The functional requirements encompass all key areas of Finance, Accounting, and related functions.

How should we use the Finance and Accounting Transformation – Business Requirements deliverable?

More often than not, in every large (and sometimes medium-sized) enterprise, a cross-functional team of business/technology/architecture teams spend countless hours in conference rooms trying to whiteboard and write business requirements from scratch. The more time they devote to common and standard requirements, the more likely they will miss out on something unique and relevant to the firm. Instead, using CIOPages Finance and Accounting Transformation – Business Requirements, you can focus on what’s different and unique about your situation. That is the deliverable enables you to spend 90% of your time on the 10% of the requirements that matter. And only 10% of your time on the 90% of requirements that are table stakes.

But, our Company is Unique – will it fit us?

Of course, you are unique but not as unique as a unicorn!
We understand and acknowledge each company is slightly different regarding some capabilities as well as how they work. However, while there may be divergence at the edges, there is a lot of convergence at the core between most firms. The differences may be in the relative emphasis of a few of the critical processes and absence or presence of specific requirements and workflows based on your unique needs.

Last but not the least, we don’t expect our Finance and Accounting Transformation – Business Requirements (or any other matrix/template, in fact) to fit you 100%. We expect you to take this set of requirements as a straw model and use it as a springboard to achieve the level customization and specificity you desire.

If you need professional services help to tailor the requirements to your needs and capture your firm’s unique essence, we can help. Please contact CIOPages.com Advisory Services for details.

But, we have a Business Requirements Matrix already?

Well, in that case, either you can go with it, or if you need to validate and cross-reference, you will still find our business requirements matrix valuable. After all, the price is less than the one-hour of time spent on the combined brain power assembled in the room.

What is my ROI?

The Value of Time Spent:

  • A Product Manager
  • Business Analysts
  • Finance and Accounting Functional Experts – 2 or 3 to represent the broad spectrum of areas.

You can multiply the average hourly cost of the team and the hours spent, and you’ll get the picture.

Opportunity Cost:

In addition to the time spent and the associated costs of drafting routine requirements, you also have to consider the opportunity cost.

By quickly adding/deleting/modifying the base set of requirements, it will allow you the luxury of spending the balance of your quality time in conceptualizing and crafting the unique and specific Business Requirements, which capture the core essence of your company and its Finance and Accounting practices, principles, and perspectives.

Of course, let’s not forget the “Day Job” each of the SMEs (subject matter experts) could be doing.

Acceleration:

Instead of spending countless hours stretched across weeks or months, you can have a baseline of requirements in a couple of sittings. That helps you expedite and accelerate the transformation.