Finance function set up and mobilisation - Be Shaping The Future

Finance function set up and mobilisation

The brief

A blockchain-based payment start-up needed to expand its Finance function and to create in-house capabilities which could support the planned scaling and the increasing complexity of the business.​

The previous Finance department was set-up with a poorly defined governance model, data architecture and legal entity structure. This set up resulted in inaccuracies and delays in reporting and a large need for ongoing manual intervention to cleanse data. ​

Our approach

In order to develop a Finance function and set it up for success, we:

  • Developed a department-wide governance model by identifying clear roles and responsibilities and ensuring an appropriate segregation of duties​: Accounts Payable, Procurement, Treasury, Financial control, Reporting​
  • Mapped out the organisation data lineage, enabling a higher degree of straight through processing​
  • Redefined and documented processes and controls to ensure a more efficient and operationally resilient Finance department​
  • Created golden sources of data to enable linking data across the Finance department and the business as a whole ​

The solution and key benefits

We revamped the Finance department to be more efficient as a whole; month-end close production activities were revamped to be seamless and require less manual intervention. After transforming the finance department, it can now easily facilitate strategic, real-time decision making.​  The new Finance function now delivers value enhancing activities and drives the strategic direction of the firm.


Ready to begin?

If you have a query or would like to arrange an initial meeting to discuss how we can shape the future of your business, then get in touch and our team will get back to you shortly.

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