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FINANCE AND ACCOUNTS
270
343 355
416
486
581
694
835
FY16 FY17 FY18PR FY19P FY20P FY21P FY22P FY23P
INR Crores
Revenue Profile
RESPONSIBILITIES
DEMANDS
STRENGTHS
• 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
WEAKNESS
• Prioritization of work.
• Multitasking ability.
• Adapting to technology
• Providing Accurate information on time
• Communication
• Coordination with other Departments
OPPORTUNITIES
• Effective use of technology - SAP
• Market Knowledge
• Regulation Changes
• Integrated Scheduling & Operations
Execution
• Process improvements
• Identifying areas of Cross-Functional
Collaboration
THREATS
• Shrinking Talent Pool
• The Pace of Change
• Malwares
• Economic Change
• Doubt and Hesitancy
The OLD Perception of FINANCE -
Counting the money
The NEW AGE FINANCE – Creation of
Wealth
WHY DO WE NEED THE NEW
APPROACH
HOW DO WE ACHIEVE THIS
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?”
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?
• 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.
THANK YOU
• FUND Managment
• FOREX Managment
• AR/AP Management
• Compliance of statutory requirments
• Management of banking functions
• Preparation of Management reports on time.
KEY FUNCTIONS OF ACCOUNTS &
FINANCE DEPT.

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Swot analysis

  • 2. 270 343 355 416 486 581 694 835 FY16 FY17 FY18PR FY19P FY20P FY21P FY22P FY23P INR Crores Revenue Profile
  • 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
  • 12. • Shrinking Talent Pool • The Pace of Change • Malwares • Economic Change • Doubt and Hesitancy
  • 13. The OLD Perception of FINANCE - Counting the money
  • 14. The NEW AGE FINANCE – Creation of Wealth
  • 15. WHY DO WE NEED THE NEW APPROACH
  • 16. HOW DO WE ACHIEVE THIS
  • 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.
  • 20.
  • 22. • FUND Managment • FOREX Managment • AR/AP Management • Compliance of statutory requirments • Management of banking functions • Preparation of Management reports on time. KEY FUNCTIONS OF ACCOUNTS & FINANCE DEPT.