How to Achieve Best-of-Class Financial Services:
EndGame Finance, EGF, utilizes a comprehensive methodology with attending tools and practices to clarify the state of a given financial area and then helps build a road-map for it to achieve best-of-class performance. Performance levels are qualitatively and quantitatively benchmarked and scored.
Creating the needed, high performing financial area for today’s enterprises requires several basic management elements, an actionable plan, the right resources – personnel, processes, and structure, and a commitment to its success as a valued internal business partner.
The starting point for any competent plan would be the assessment – in this area a comprehensive measurement and gap analysis is essential. We recommend its scope cover personnel, processes, and structure. This assessment must be keyed to establish a base-line level of effectiveness. It is no good to worry about efficiencies if you are doing the wrong things to start with – heed Peter F. Drucker - “Efficiency is doing things right; effectiveness is doing the right things.” An efficient monthly close that provides no meaningful levels of information is woefully ineffective.
Comprehensive Assessment Model – Effectiveness Focused
EGF provides a comprehensive assessment and road-map for the finance area to achieve best-of-class performance. Its proprietary assessment and optimization program – ACE (Assess Clarity Efficacy) – will measure the abilities, tools, and techniques of an area’s personnel, processes and structure. It then delivers benchmarked evaluations and recommendations. Performance levels are qualitatively and quantitatively benchmarked and scored.
This is a fixed fee service, with the fee based upon client’s scale, scope and needs. The engagement time is 2-5 weeks, including up to one week of on-site interviews and observations.
Our unique tool and expertise allows a comprehensive evaluation of both the deployment of resources and the area’s output - the two essential keys to measuring effectiveness.
EndGame Finance – ACE program:
Assessment – Insight showing what you don’t know about your financial operations
o Present and future limitations
o Undeveloped strengths
Clarity – Learn how well resources are deployed and their level of effectiveness
o Finds the leverage and choke points for processes and personnel
o Identifies structural issues
Efficacy – Build a road map to best-of-class performance
o Combines initial problem finding with problem solving
o Creates a dialog on effectiveness
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