204. Financial Transformation Live: Assessing Your Current Financial Systems

In this episode of Financial Transformation Live, Hannah Munro explores how to assess and optimise your current financial systems to support your organisation’s goals. As the final live session of the year, this episode is packed with actionable advice and frameworks to help finance leaders plan their next steps for system improvements.
Also covered in this session:
  • The four key components of a financial technology stack: controls, compliance, reporting, and process efficiency.
  • A comprehensive framework for assessing your financial systems, including:
    • Understanding strategic direction and goals.
    • Gathering feedback and insights from stakeholders.
    • Performing process documentation and Excel audits.
    • Running reporting assessments and SWOT analyses.
  • Practical tips to improve month-end efficiency and reduce close times.
  • 10 quick wins to optimise your financial systems, from automating bank feeds to improving credit control.
  • How to decide whether to enhance your current system or invest in a new platform using a traffic light evaluation method.
  • Insights into leveraging your team’s expertise and industry benchmarks for continuous improvement.
  • What is the change that we’re seeing in finance teams and what does that have to do with value?
  • How do we define value?
  • How value goes beyond economic impact
  • What are the components of economic value identification?
  • Examples of the value identification conversation
  • What this means for the skills in finance
Links referenced in this episode
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