Your SlideShare is downloading. ×
Finance Process Improvement
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Finance Process Improvement

539

Published on

Process Improvement Developed Using Risk Management Principals

Process Improvement Developed Using Risk Management Principals

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
539
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Finance & Planning Process Improvement Becky Collins, MBA Consultant Finance Management
  • 2. Project Objective Positively impact the value of FP&A services with measurable results.
  • 3. 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
  • 4. Define Goals and Deliverables
    • Goals:
    • Efficiency =
    • Accuracy =
    • Effectiveness =
    • Higher Skills =
    • Accountancy =
    • Communication =
    • Deliverables:
    • New Process
    • Controls
    • Service
    • Training
    • SOP Manual
    • Documentation
  • 5. 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
  • 6. Assess Targets for Change
    • Technical Resources
    • Technical Support
    • Human Resources
    • Accounting Skill Levels
    • Technical Skill Levels
    • Department Policies
    • Specify Areas for Change
  • 7. 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
  • 8. 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
  • 9. 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
  • 10. 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
  • 11. 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

×