Paragon Consulting

Optimise and Benchmark Processes

The Problem
A recent survey conducted by Paragon indicated that finance organisations are spending significant amounts of time on non value add activities. Too much time is being spent on lower value and often manual activities such as correcting errors or reconciling data instead of on providing insightful information for decision making.

How We Support You
Our Finance process optimisation team can help companies optimise cycle times, reduce error rates and lower the non value add transaction processing costs. We help clients implement standarisation across business units from transaction processing through to decision support activities. A key step in our approach is to benchmark existing processes utilising our Benchmarking Toolkit. This allows us make a direct comparison against industry peers as part of the optimisation process.

Specifically we assist clients to:

• Improve core working capital finance transaction processes such as Purchase to Pay, Order to Cash, Inventory Management

• Optimse the close process

• Re-engineer the budgeting and forecast process

• Streamline the intercompany accounting process

• Rationalise and improve the use of finance systems

• Improve data governance across the organisation

• Implement Chart of Account improvements