As demands on the Finance function continue to climb, CFOs are relentlessly seeking to streamline core operational and reporting processes in order to create capacity for value added activities, such as decision support.
In recent years, many banks and financial services firms have made significant investments in Enterprise Resource Planning (ERP) systems and in Business Intelligence (BI). While new technologies give CFOs greater confidence in the integrity and reliability of transactional data, the widespread use of manual spreadsheets to complete core processes, such as financial and regulatory reporting, continues to beleaguer even the largest of Finance functions.
Solutions from StraitsBridge
At StraitsBridge, we work with CFOs to analyze business technology issues within the Finance function and beyond.
Our delivery framework offers several tools to support efficient and high quality project results by providing a holistic approach for processes, organization and IT to achieve a sustainable reduction in process costs and cost of operation.
We focus on the business impact of technology rather than systems implementation, and we are not tied to any hardware or software suppliers. As a result, our advice is independent and geared to the specific needs of each client.
We also assist banks and financial services organizations with :
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Finance technology challenge
After years of ad-hoc implementations, globalization and M&A, many financial institutions have been left with a series of fragmented and incompatible technology infrastructures that may not support seamless functionality.
These changes have often left Finance systems infrastructure behind. In order to address this gap, many Finance functions have typically created an array of manual spreadsheets, increased their headcount or experience extraordinarily long hours to deliver core operations.