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Internal Processes

Revising the internal processes is the groundlevel foundation block for building an exceptional financial management.

Creating a profitable, cash flow, dividend payment company requires creating excellent accounting and finance services. 

We have a clear set four step process that guarantees the effectiveness of the transformation of the accounting department.

For sure we can provide star level services on the process of bookkeeping and tax compliance. Digital CFO services is all about excellence

1 

Assess accounting needs for the company

The first step is to examine the industry and the company specific accounting needs. The first step is to measure the processes and outcomes of the current processes.

We go through the following issues:

What does the company need from accounting services?

Which are the outcomes of the accounting process that add value to the company?

Which are the processes that are the key cost drivers?

What is the industry standard?

What are the accounting principles applied?

2

Digital Accounting

The next step is to digitise all the processes of the accounting department. Working together with all the stakeholders, we redesign the processes in reaching the following objectives:

  1. Organize all the processes on the framework of outcome optimization.

  2. Set specific outcome targets for each process 

  3. Set alert procedures, when a target is not attainable, control the proces from A to Z in optimizing performance while minimizing costs.

  4. Discuss the processes with key stakeholders, consider any objections

3

Non-Interupted Implementation and measurement of benefits

The final step is to implement the procedures, start building the digital area of your accounting department. 

We follow a non-interruption policy throughout the process. Regardless of the changes and updates on internal procedures, the business operations are not affected. 

We implement the changes on a step by step basis, with the following objectives:

Accounting personnel is familiriazed with each step. 

Business operations are not interrupted. The other departments focus on their objectives, regardless of the change in accounting procedures.

We present the new processes, the outcomes of the digital accounting department and of course the benefits both monetary as well as non monetary.

4

Constantly Improve

Estabilshing the procedures for digital technology is only the first step. What comes next is hard and smart work to continually improve digital accounting. We should always have on mind that we must improve at least by 8% on an annual basis, just not to loose competitiveness. Digital CFO services is all about excellence.

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