Creating, Extending a Transformation Roadmap
Finance transformation roadmaps are strategic in nature and built for a multiyear timeframe. They set the transformation agenda and direction for the organization. The critical information requirement
for developing a transformation roadmap is a detailed operating landscape map, including an in-depth understanding of the “as-is” process, available talent, organizational structure, technology landscape and levels of automation. Once an in-depth understanding of the current landscape has been developed, analysis can be performed and alternative future-state scenarios developed to begin building the enterprise transformation roadmap.
A transformation roadmap needs to be dynamic and continuously updated. Current operations need to be reassessed in light of changes to the company and its environment, including:
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Availability of new software tools and solutions.
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Maturing of outsourcing options.
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Finance operations performance.
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The advance of globalization.
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Evolving best practices.
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The changing role of finance.
By continuously evaluating and updating the transformation roadmap, companies will be able to take advantage of the latest developments in technology solutions for finance. New software