Finance Function Excellence

CFOs are under increasing pressure to deliver both efficiency and effectiveness in their finance functions. They are being asked to reduce costs without sacrificing quality, and to simplify and automate processes while boosting business intelligence, service levels and analytics.

The list of priorities is long, but some of the most pressing challenges are:

People:

How to upgrade the skills of the finance team.
How to delineate clear roles and responsibilities to build an optimal org structure.
How to implement agile ways of working to improve overall productivity.

Data & Processes:

How to standardize, simplify, automate, and streamline processes by leveraging technology and best practices.
How to increase forecasting and planning accuracy.
How to best leverage existing data to drive insights and analysis.
How to ensure the integrity and accuracy of data to produce a single source of truth.

Value & Economics:

How to improve working capital efficiency in addition to operating margins.
How to leverage shared service models, offshoring and/or outsourcing to drive efficiencies while continuing to deliver a high-quality service.

At Catalycs, we partner with CFOs to address these challenges head-on by leveraging our below service suite:

FP&A Services

Lean / Agile Finance Process Optimization

Finance PMI

Digital Finance: Data Analytics & Visualization

Interim Management & Temp Support

Representative Client Experience

FP&A Services | Records Management Solutions

Comprehensive FP&A support for $150m Records Management provider including development of annual budget, analysis of potential carveout/split, preparation of sales commissions calculation tool, identification of potential cost reduction opportunities, streamlining of monthly accounting close, and other ad hoc initiatives.

FP&A Transformation | Smart Home Appliances

FP&A transformation for $5b Smart Home Appliance manufacturer including SG&A rationalization, budgeting & planning, and digital/automation. Result: Identified $100m of EBITDA opportunities and streamlined legacy FP&A processes.

Lean / Agile Finance | Media & Entertainment

Identified opportunities to shorten cash conversion cycle for $500m media company through reconfiguration of existing processes. Initiatives included bifurcating customer invoicing, streamlining communications between purchasing and finance, and reconciling data entries. Result: Reduced average DSO from 45 to 35 days.

Finance PMI | Financial Services

Developed plan to capture labor and non-labor synergies for $200m financial services provider as part of acquisition by key competitor. Identified redundant roles and restructured legacy processes to achieve 30% reduction in overall finance org costs.

Digital Finance | SaaS Provider

Redesigned management dashboards to deliver more insightful, user-friendly, and actionable reports with clear linkages between finance and operations. Focus on rationalization, simplification, automation, and synchronization of existing data.

Budgeting and Forecasting | Higher Education

Supported finance team of Higher Education institution with redesign of existing forecast processes including Annual Operating Plan, Yearly Budget, and Quarterly forecasts. Result: Delivered refreshed toolkit with clear linkages between finance and operational data across all key reports.