An MNC with a legacy of over 125 years and publicly listed dealing with fresh and prepared food has its operations are distributed world wide and the Finance Function is present in all the Distribution Centre's of
Client Requirement - The assignment involved the following :
- Study of the operations to understand the needs of the business
- Design of the Finance Shared Services Center (FSSC)-Centralised Finance Services
- Identification of the most appropriate location for the FSSC
- Identification of the sections that can be brought under the FSSC
- Implementation Plan for the FSSC in stages
- Setting up of the Processes and hand holding in the actual implementation of the FSSC
Deliverables that we executed - Process flow :
- We have done a detailed review of the operations and prepared the high - level process flow charts for the Operations
- The "As-Is" process flow charts were played back to the respective personnel for confirmation and validation
- The Design of the FSSC was done on the basis of the needs of the business with the As Is Process Flow Charts forming the base
- The Implementation Plan was prepared and shared with the client
Results: The Implementation of the stage 1 has been successfully completed with the following items :
- Organisational Chart
- Roles & Responsibilities with Job Descriptions
- Departmental KPIs and Individual KPIs
- Departmental Procedures
- Process Flow charts for the key deliverables of the Department
- List of Reports with the rationalisation of the reports (specifying the RACI Matrix)
- Service Level Agreement between Department and Business Units
- Workshop for the department staff conducted by us to familiarise with the job roles and method of functioning
Client Requirement - The assignment involved the following :
- Study of the operations to understand the needs of the business
- Design of the Finance Shared Services Center (FSSC)-Centralised Finance Services
- Identification of the most appropriate location for the FSSC
- Identification of the sections that can be brought under the FSSC
- Implementation Plan for the FSSC in stages
- Setting up of the Processes and hand holding in the actual implementation of the FSSC
Deliverables that we executed - Process flow :
- We have done a detailed review of the operations and prepared the high - level process flow charts for the Operations
- The "As-Is" process flow charts were played back to the respective personnel for confirmation and validation
- The Design of the FSSC was done on the basis of the needs of the business with the As Is Process Flow Charts forming the base
- The Implementation Plan was prepared and shared with the client
Results: The Implementation of the stage 1 has been successfully completed with the following items :
- Organisational Chart
- Roles & Responsibilities with Job Descriptions
- Departmental KPIs and Individual KPIs
- Departmental Procedures
- Process Flow charts for the key deliverables of the Department
- List of Reports with the rationalisation of the reports (specifying the RACI Matrix)
- Service Level Agreement between Department and Business Units
- Workshop for the department staff conducted by us to familiarise with the job roles and method of functioning
