We help our clients to design and implement change in the core areas that enable the Finance function to deliver essential, value-adding activities at least cost. Finance and Accounting Fundamentals include process efficiency and effectiveness, staff capability, system optimisation and a ‘best fit’ organisational structure.

Capgemini has a proud track record of supporting our leading organisations through Finance function change to deliver demonstrable and sustainable business benefits.

This section includes:

• Benefits of Finance and Accounting Fundamentals
• Capgemini’s approach
• Capgemini capability
• Success stories

The benefits of Finance and Accounting Fundamentals

• A rigorous assessment of the health and potential vulnerabilities of your Finance strategy, processes and systems, with reference to leading practice in your industry.
• A set of practical improvement recommendations, complete with implementation plans tailored to your business.
• A Capgemini team who can work with you to implement the plan, coach and train your staff in new ways of working, and transform your finance function without damaging business relationships.
• To provide a better understanding of the key influencers on your finance function and to identify and implement actions to improve it. This will allow you to demonstrate long-term stability to both internal and external stakeholders.

Capgemini’s approach

Capgemini has proven methodologies to analyse the core areas that enable the finance function to deliver essential finance activities at least cost and value added services:

• Finance function strategy and finance operating model, including: capability development, Finance strategy, sourcing options and transformation strategy;
• Core Finance processes, including: controls and compliance, fast close, Finance process re-engineering, chart of accounts optimisation;
• Finance system strategy, including: system selection, system design, system optimisation and implementation support.

Capgemini capability

• Capgemini is able to offer both a business and a technology perspective.
• Our dedicated Finance Transformation team has a powerful mix of line management and professional services experience.
• Our team has access to leading benchmarks and process models and is able to call on best practice guidance from the Capgemini Finance & Accounting BPO practice.
• Our team has extensive knowledge across a number of financial application platforms, including SAP, Microsoft, Oracle and Coda/Agresso.

Success stories

Leading UK retailer

The client is a FTSE retailer. Weaknesses in its financial systems were causing problems which were becoming increasingly serious as the business grew.

Capgemini undertook a three-month study into the feasibility of replacing the accounting and finance systems across the international group. The scope of the study included systems evaluation and selection, process redesign, the development of a business case and benefits realisation approach and a transition roadmap. The associated business case was founded on material benefits arising from substantial reductions in local and central support costs.

The study recommended that the existing systems should be replaced by a new ERP-based finance system with an expansion of the Group’s shared services centre in Portugal and an overhaul of finance policies, processes and organisation to conform to a common chart of accounts, process model and organisation structure. Adoption of the recommendations offered substantial benefits from greater efficiency, control and improved financial information