Today CFOMethods, a consultancy focused on the Office of the CFO, introduced a new service offering aimed at assisting financial decision makers make technology decisions for Accounts Payable (A/P). This new offering is a one-week engagement led by a highly experienced consultant to determine the approach, the constraints, and options for enhancing Accounts Payable through technology. Specifically, the processes comprises of the following:
• Acquire an understanding of the organizational culture
• Acquire an understanding of the desired objectives of the financial decision makers
• Map existing A/P processes and provide an objective measurement framework
• Identify opportunities and constraints for automation
• Determine an estimated per invoice processing (Current) and what level of savings
technology could bring and the potential ROI
• Build a business case that focuses on organizational, economical, and technical
feasibility along with several solution options
• Present findings to key decision makers and influencers
The deliverables from this exercise will help the financial decision maker answer the following questions:
• What should I automate?
• Does it make business since to automate?
• What level of ROI is realistic?
• Where should I start?
• How do I sell it internally?
Many CFOs and Controllers understand that there are significant savings to be had via A/P technology, but very few have the time, resources, or experience to make a thorough investigation. As an independent consultant we can lead our clients to the right decision and then assist with the implementation and negotiations if required.
More details can be found at http://www.cfomethods.com/
About CFOMethods
CFOMethods was founded by alumni of KPMG, PricewaterhouseCoopers, and a founding member of a successful outsourcing company. After serving CFOs of Global 50 companies all the way to small, private companies it became clear that there was a void of Trusted Advisors to work with financial decision makers. There are many consulting companies that will sell you anything, but not many of them who work on a one-to-one basis with the CFO to help them make the best decisions regarding outsourcing and technology. Typically, ours is a one person team and not an army of expensive consultants eating up the clock.
Contact CFOMethods at info@cfomethods.com
