Global Finance Function Transformation Project
Background and objectives mission
Our customer is undergoing a phase of rapid expansion in France and abroad. Against this backdrop of growth, the company's management wishes to reinforce the structuring of its finance function in order to effectively support the company's development. The main objectives of the assignment are to optimize financial processes, improve regulatory compliance (notably by anticipating the reform of electronic invoicing), and enhance the reliability and speed of financial information production. The ambition is also to increase the digitization and automation of tasks, while ensuring better visibility of the Group's performance and cash position. This transformation aims to make the finance function more agile, proactive and focused on value creation.
approach adopted
The assignment took place in several structured stages. Firstly, an in-depth diagnosis of existing processes was carried out to identify priority areas for improvement. Next, a transformation plan was defined, including the digitization of the Procure to Pay process via the CEGEDIM solution, preparation for the reform of electronic invoicing, and the digitization of expense reports. The automation of customer invoicing and optimization of Fast-Close were also included in the action plan. At the same time, the introduction of cost accounting and cash flow reporting was undertaken to strengthen financial management. Finally, accounting procedures have been drawn up to secure and standardize practices.
Benefits obtained
- Modernizing financial processes and making them more reliable
- Digitization of Procure to Pay and expense reports with reduced delays and errors and improved traceability
- Automated customer invoicing: accelerated revenues, tracked collections
- Optimized Fast-Close: faster closing, improved financial information
- Cost accounting and cash flow reporting: enhanced management
- Drafted procedures: secure operations, easier regulatory changes