Finance Transformation Benchmarking

Set the Stage for a Finance Transformation with Benchmarking and Maturity Assessment Services

Kick off a Finance Transformation with Finance Transformation Benchmarking support from Corcentric.

Every organization’s approach to Finance looks different, but every Finance Transformation starts with a similar exercise. Whether you’re operating a mature Finance team or lagging well behind the competition, a Finance Transformation Benchmark will pave the way for making a change. Working alongside your internal team, Corcentric will take a deep dive into Finance’s operations to gain a thorough understanding of its strengths, weaknesses, objectives, and pain points. Then we’ll collaborate with Finance to act on these opportunities and carry out a transformation.

Is your Finance team running into any of these obstacles?

Obstacles to Finance Transformation

• Poorly designed workflows.
• Inefficiently allocated resources.
• Lack of internal buy-in for Finance and its initiatives.
• Poor visibility into processes and performance.
• Little to no collaboration between Finance, Procurement, and other units.
• Manual, time-consuming workload.
• Rampant non-compliance.
• Outdated Finance solutions.

Corcentric’s Finance Transformation Benchmarking

You don’t know what you don’t know. Finance can’t transform without an understanding of its current state and future goals. Corcentric’s Finance Transformation Benchmarking support provides the insights you need to elevate Finance and make it a more valuable strategic asset. With our support, you’ll gain visibility into:

• Finance’s current capabilities.
• Finance’s performance against its objectives.
• Finance’s alignment with organization-wide goals.
• Finance’s opportunities to boost efficiency and improve performance.
• Finance’s persistent obstacles and risk factors.

Armed with these insights, Corcentric will empower your business to draw up a Transformation Roadmap and take a strategic step forward. Our Procurement Finance Benchmarking team won’t just teach you how your organization compares to competitors, but provide the means for gaining a competitive advantage.

Corcentric takes a uniquely hands-on approach to Finance Transformation. In addition to benchmarking and maturity assessments, we offer a full suite of services to ensure organizations like yours plan and execute an effective, sustainable Finance Transformation. A Finance Transformation Benchmarking exercise is an essential first step in your company’s journey. Reach out to today to work alongside our industry-recognized consultants in building a Finance function designed to drive business growth, optimize costs, and foster innovation.