Finance Transformation

CFOs have a crucial role to play in aligning all stakeholders company-wide with the corporate strategy so that everybody sees value creation through the same lens.

Strengthening the finance function's capabilities and aligning it with the business gives it credibility within the entire company and allows it to shape decisions on strategy, investments as well as cost and risk discipline.

This in turn helps CEOs and CFOs drive value creation initiatives throughout the organisation, using the finance department to show what can be done in terms of efficiency improvements and capital effectiveness.

To help CFOs to transform their finance organisation and drive value creation throughout a whole group Maravon developed a timeless framework, called Financial DACS.

Maravon uses the Financial DACS-framework in transformation projects with

• Corporates
• Banks and securities firms
• Insurance companies and asset managers
• Private equity portfolio companies

Maravon is ideally equipped to help CFOs tackle finance transformation, specifically in building a value-driving finance function.

In our transformation engagements Maravon aligns the following four elements:

• Design: the financial objectives, the plan devised to achieve these objectives, and the responsibilities within the finance organisation to make the plan work.
• Approach: the financial methods for international financial and regulatory reporting, transactions, corporate finance, risk management, liquidity management, cost and capital management, budgeting and performance management.
• Capability: the customised skill-building development program for members of the finance organisation to ensure distinctive, lasting, and substantial improvements in financial management decision making.
• Systems: the specification, the architecture and the selection of ERP and financial management software that staff members require to get their jobs done.

For more information, please contact us under
+49 69 505 092 400 or advisory@maravon.com.