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Finance Process Improvement
 

Finance Process Improvement

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Process Improvement Developed Using Risk Management Principals

Process Improvement Developed Using Risk Management Principals

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    Finance Process Improvement Finance Process Improvement Presentation Transcript

    • Finance & Planning Process Improvement Becky Collins, MBA Consultant Finance Management
    • Project Objective Positively impact the value of FP&A services with measurable results.
    • Project Methodology
      • Define Goals and Deliverables
      • Analyze Current Situation
      • Assess Targets for Change
      • Create Procedural Manual
      • Implement New Process
      • Measure Using Six Sigma Concepts
      • Train End Users on Process
      • Transition Process to Users
    • Define Goals and Deliverables
      • Goals:
      • Efficiency =
      • Accuracy =
      • Effectiveness =
      • Higher Skills =
      • Accountancy =
      • Communication =
      • Deliverables:
      • New Process
      • Controls
      • Service
      • Training
      • SOP Manual
      • Documentation
    • Analyze Current Situation
      • Study and/or Document Present Process
      • Define Deadlines
      • Analyze Relative Financial Reports
      • Review Employee Feedback
      • Review Customer Feedback
      • Create a Baseline for Six Sigma
    • Assess Targets for Change
      • Technical Resources
      • Technical Support
      • Human Resources
      • Accounting Skill Levels
      • Technical Skill Levels
      • Department Policies
      • Specify Areas for Change
    • Create Procedural Manual
      • Begin an Instruction File/Folder
      • Document Procedure Step-by-Step
      • Determine Efficiency of New Procedure
      • Check for Accuracy
      • Modify Procedure
      • Format Instruction for Entry into Manual
      • Insert Instruction Pages
    • Implement New Process
      • Strictly Adhere to Instruction
      • Red Line Errors and Imprecise Instruction
      • Revise Ineffective Procedures
      • Red Line Revisions
      • Edit New Instruction
      • Update Manual with New Instruction
    • Measure: Six Sigma Concept
      • Define Data Measurements (Absolute Values)
      • Identify Time Cycle
      • Chart Baseline
      • Create Relevant Graphs
      • Chart New Data
      • Evaluate Charts & Graphs for Trends
      • Document Six Sigma Instruction
    • Train End User of Process
      • Strictly Adhere to Manual
      • Assure User Friendly Instruction
      • Evaluate User Skills
      • Insert Necessary Enhancements for User
      • Coach User on Red Line Editing
      • Teach Six Sigma Process
    • Transition Process to Users
      • Provide Support Services
      • Meet with Direct Supervisor and Users
      • Solicit Detailed Feedback
      • Document Every Concern
      • Take Action to Resolve Concerns
      • Document Actions Taken
      • Relinquish Responsibility