Finance Function Case Studies

Learn from others experience

Transforming the finance function is challenging task. There are a number of variables, including technology, people, processes as well as ad hoc and varying output requirements. However as businesses change and external and internal pressures come to bear, reenginerring, changing and transforming the finance function is even more important to survival of the organisation. The following case studies are examples of how and where things can and do go wrong and the actions taken to deal with the issues.

Case Study 1: Growing companies can rapidly outgrow the finance manager hired in the early days who has been loyal. Not recognizing this soon enough can be damaging to the organisation.

Case Study 2: shared services and Case Study 3: Improving efficiencies in the finance function will bring benefit but the change management and the people side should not and cannot be ignored.

Case Study 4: Outsourcing the finance function can help manage risk and technology requirements, but should be well planned and executed to achieve and maintain any benefits. The road to outsourcing can be fraught with danger.

Case Study 5: Diagnostics are essential to understanding the real issues in the finance function, and not trying to manage and fix just the symptoms.

These case studies are intended for learning purposes and have been changed for privacy reasons.