Digital Finance Transformation for Sustainable Value Creation
In today’s digital economy, technology is no longer a luxury or “nice to have”, it’s a “must-have” that sets companies apart from the competition. CFO’s need to understand how their finance organization can leverage new technologies like Artificial Intelligence, Machine Learning and prescriptive analytics to accelerate its digital and data driven adoption rate.
One of the biggest challenges of the CFO Office is how to take a leading role in this digital transformation? A leading role by the CFO Office is required, as it is in their DNA to provide information and analysis with actionable foward looking insights.
The best practice paper: The Digital Finance Organization – Define a vision and transformation roadmap can be requested here.
ForSight stands for Forward looking and inSight in financial, operational, non-financial and external data to steer the business to improve results.
It is ForSight Consulting’s mission to inspire and provide guidance to the CFO to transform their finance organization with new technology for financial close & compliance, planning, performance management and advanced analytics to enable sustainable value creation and improve agility. Together with our partners inlumi and Inulta Consulting we provide end-to-end services from advisory and functional consulting to operations and infrastructure.
As a Trusted Advisor and Digital Transformation Domain Expert with a pragmatic and holistic approach, we are guiding the CFO Office.
Innovation is required in the CFO Office to become a modern, data driven and insightful finance organization to enable sustainable value creation. Implementation of new technology with a digital finance transformation platform is used as an enabler for change and to provide actionable forward looking insight as a business partner. ForSight Consulting has a proven track-record at more than 250 medium sized companies and large enterprises in understanding their requirements to define a finance vision, transformation roadmap, single data-point model for financial close & compliance, planning, forecasting, performance management & advanced analytics.
We support with program, project and change management, and implementation services to rollout your solution for a digital finance organization and to meet the CFO’s objectives. We have done this before and we provide guidance with best practices. During this journey, you will improve data governance and processes, and provide insight in sustainable value creation with better forward looking capabilities to act as a real business partner through innovation with new technology. As a result a lower Total Cost of Ownership is realized.
- Inspire to define a vision for the Digital Finance Organization
- Insight in Objectives, Scoping & Requirements
- Define Transformation Roadmap & Architecture
- Design Single Data-point Model for Performance Management & Advanced Analytics
- Solution for Performance Management & Advanced Analytics
- Customer Profitability & Life-time Value
- Create Prototypes
- Configure & Test
- Roll-out & Go-live
- Improve and optimize current Data Model
- Improve and optimize current Performance Management & Advanced Analytics roadmap
- Improve and optimize current solution
- Improve and optimize Customer Profitability & Life-time Value
What makes us different and how do we provide better results for our customers? We focus on the CFO Office and Transformation Managers, who are early adopters of new technology, want to learn and experiment. We understand your requirements and create with you a digital finance vision and transformation roadmap for implementation. We strongly believe in collaboration with the customer to create better outcomes. We think that a single data-point model for financial close & compliance, planning, performance management and advanced analytics implemented in a unified information-centric data hub and application platform for finance and operations provides excellence to enable the business for sustainable value creation and be compliant at the same time. Benefits of this approach include: insight in sustainable value creation, improve forward-looking capabilities, no redundancy of data, automated reconciliations, a single point of truth for finance and operations and a lower total cost of ownership. It is our recommendation to create a yearly innovation budget for the CFO Office to stay ahead of the competition. ForSight Consulting is your business partner and makes sure that the right resources are available at the right time for the right tasks in your journey to modernize finance.
Areas of expertise includes: integrated business planning, strategic planning, budgeting, planning & forecasting, cash flow planning, financial close, integrated reporting, reporting of sustainable development goals, financial consolidation, regulatory reporting, management reporting, profitability analysis, activity based costing, customer life-time value management, balanced scorecard, strategy map, dashboards, predictive & prescriptive analytics, business intelligence, data marts, data warehousing, cloud software as a service, program & project management and implementation services.
Our expertise is coming from more than 250 projects across all industries in different countries at companies like: Aegon, Ageas, Ahold, AkzoNobel, Amsterdam Commodoties, Arcelor Mittal, ASR, Atradius, Bas Trucks, CZ, DAF Trucks, DMG, Douwe Egberts, FrieslandCampina, Generali, Generali Employee Benefits, Hogeschool Inholland, House of HR, ING, International Card Services, Kramp Groep, Kverneland Group, Leaseplan, Lindex, Lucas Bols, Menzis, MT Hojgaard, Novamedia, Nyenrode Business University, Organon (MSD), Pathé, Pliva, PLUS Retail, PPG Industries, Rabobank, Randstad, Reed Elsevier, Royal Haskoning DHV, Scotch & Soda, Smit Transformers, Smurfit Kappa, Stora Enso, Teka, Tele2, TenneT, TVM Verzekeringen, Univé, VGZ, Vivat, Volksbank, Vopak, Wessanen, Wolters Kluwer, etc.