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Finance leaders are expected to deliver a growing array of reports and business information with faster turnaround and lower costs. Explore the growing trend for using lean tools to streamline and enhance productivity and effectiveness within the finance function.
This course will give you a firm foundation and practical insights into lean finance practices that will enable your team to focus on value added activities by streamlining accounting routines.
There are a number of approaches that can be taken, and we will work through case studies and exmaple in order to determine how best to apply lean to your business, and also how best to align an executive summart to key decisions.
Finance professionals who are involved in sponsoring, planning and delivering finance transformation projects and continuous improvement in finance.
Introductions and setting the scene
What is lean?
The 7 wastes in a finance function
How can lean be applied to your finance team?
What’s stopping finance teams being lean now?
How to use time efficiently to focus on what matters
How to create the time to think, simplifying what finance do?
How applicable is timely, accurate and complete in 2017?
What do customers want and how do we use this to be lean?
Re-defining the purpose of finance
How to set up Finance Transformation Programmes for success in the first 30 days
Using 80/20 Pareto’s principle to address the number and size of finance reports
Applying Pareto’s principle in a Finance Case Study
Top tips to make executive summaries lean
Creating a lean executive summary that adds value
Implementing a lean budgeting process that controls the now and improves the future
How to create a culture shift to a 3 day month end
Getting the Accounts Payable activity reduced by 60%
Using elimination, automation and delegation to create a lean function
Managing client expectations
Sum up and review
Our public course programme is deliberately structured to encourage delegates from different organisations to participate. However, if you have six or more delegates who require development in the same area, we are able to run a more cost-effective and much wider range of courses tailored specifically to your organisation.
These are ideal for organisations seeking hassle-free, flexible and cost-effective training delivered to multiple delegates at your location of choice. Whether we use our existing materials or develop new content for your business, our expertise lies in translating your requirements into a pragmatic, interactive training programme highly relevant to your people and organisation.To discuss in-house training for your business please email Academy or call +44 (0)20 7920 8813.
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