You turn to Accordion.
We partner with your team to build a scalable finance operating model platform. Specifically, we:
- Conduct data gathering, interviewing key finance, field service, customer support, sales, and IT stakeholders to evaluate finance function capabilities across procure-to-pay, invoice-to-cash, and payroll.
- Identify the still manual processes that exist across the procurement-to-pay cycle impacting inventory management, purchase order creation, and accounts payable (despite the investment in technologies intended to digitize these processes).
- Understand why payment integration and cash application is still slowing job order closing and preventing management from seeing margins in a timely manner.
- Perform a benchmarking analysis to evaluate productivity and cost effectiveness of the finance organization.
- Define and prioritize improvement initiatives and a transformation roadmap for future growth.
- Develop requirements for a new source to pay solution to improve purchasing effectiveness and allow for the centralization of all account payable activities.
- Automate the cash application process in order to free up significant resource capacity at the branch level.
Your value is enhanced.
You save $5-$7 million annually by building a best-in-class service delivery model for finance. You now have a detailed implementation plan across Order to Cash, Source to Pay, and four additional workstreams to achieve target savings. With this new operating model, your finance team can scale at a minimal cost as the organization grows and acquires new businesses in line with the sponsor’s value creation plan.