6. • Part of a professionally managed organization.
• Good Market standing and credibility with customers / suppliers
and financial institutions.
• Experienced team : All members of the department is having
extensive experience and are well trained.
• Systems and procedures : There is a well defined process and
procedures which govern the functions of the department.
• Using world class ERP solutions . One of the very few organizations
using the latest ERP software – SAP S/4 HANA
8. • Prioritization of work.
• Multitasking ability.
• Adapting to technology
• Providing Accurate information on time
• Communication
• Coordination with other Departments
10. • Effective use of technology - SAP
• Market Knowledge
• Regulation Changes
• Integrated Scheduling & Operations
Execution
• Process improvements
• Identifying areas of Cross-Functional
Collaboration
17. IDENTIFY OUR
• Are there things that we should stop dong?
• Are there things we should do less of?
• Areas to raise our standards!
• Should we “create new steps?”
18. APPLICATION OF GOOD TO GREAT
• Policies and guidelines: Are they clearly defined,
communicated and enforced throughout the finance
department?
• Standardized operating procedures: Are they complete, well
integrated and transparent throughout the organization?
• IT systems: Are yours up-to-date and capable of monitoring
recurring risks with a full audit trail?
19. • Transparency and overview: Does your IT system support
informed decision-making where everyone is aware of their
responsibilities and their importance?
• Company culture: Are high ethical and legal standards self-
evident, or have grey areas started to emerge? It’s always
helpful to reemphasize company guidelines and
procedures.
