The CIOPages.com Finance and Accounting business capability model is hierarchically decomposed list of capabilities which captures the end-to-end entities that span the finance and accounting function. Visit: https://www.ciopages.com/store/finance-accounting-business-capability-model/
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Finance and Accounting Business Capability Model
1. Finance and Accounting Business Capability Model
Product Description
Finance and Accounting Business Capability Model : The CIOPages.com Finance and Accounting business capability
model is hierarchically decomposed list of capabilities which captures the end-to-end entities that span the finance and
accounting function. Among others, the capability model helps in evaluating the maturity of the function, understanding
the strengths and weaknesses so as to craft a capability evolution roadmap. Finance and Accounting is not longer just a
recorder of the past. Finance and Accounting has emerged as a vanguard of harnessing the resources of an enterprise to
elevate the performance. To understand modern finance and accounting functions, it is imperative to have a structurally
sound and stable business capability model.
2. Finance and Accounting Business Capability Model
What is included in the Finance and Accounting
Business Capability Model?
The Finance and Accounting capability model is a hierarchical
decomposition of about ~110 business capabilities spanning all Finance
and Accounting functions.
What are Business Capabilities?
Business Capabilities describe “What”
a business does. Business
capabilities act as the foundational
building blocks in business
architecture as they are the stable
components and solid entities to
model a business.
What is the value of a Business
Capability Model?
A well-structured business
capability model aligns business
and technology.
It provides a common language
that bridges the traditional gap
between business and IT teams
A granular capability model (not
too high level) allows for mapping
to technology components to
understand the functional
sufficiency and footprint of
applications to meet business
needs.
Requirements anchored to a
capability help companies focus on
3. A Spreadsheet with business
capabilities and worksheets to
conduct an assessment and
document associations
Presentation slides with a visual
nested list
Word document in a multi-level list
format
Formats included :
Capability Management in a Box
DETAILS
Looking for more? Try our Capability Management in a Box…or
rather in a Spreadsheet. Learn more
Why do we need a Finance and Accounting Business
Capability Model?
The value of business capabilities is undisputed as they help bridge the gap
between business and IT, help understand the essence of what a business
does, and align development efforts to strategic priorities, which helps evolve
and enhance capabilities.
Ideally, your firm should have a structured and well-defined enterprise business
capability model. And furthermore, for the capability model to the actionable, it
should be decomposed to a granular level of capabilities (at least Level 3 and
some times to Level 4) for it to be practical and to be able to leverage in IT
enablement projects.As we discussed before, Finance and Accounting has
emerged as a key function which orchestrates organizational resources with
the aim of elevating corporate performance.
Will a generic Business Capability
Map fit our unique needs?
The goal of CIOPages.com business
capability maps is to meet or beat a
threshold of 75-80% relevance. There
is always that 20-25% that may need
to be modified and customized to
capture the unique essence of your
enterprise. In addition, having a pre-
built straw model helps in a) not
missing out on the core and obvious
business capabilities and b) spend
capability evolution, not silo’ed
project execution
Using capabilities as Lego blocks,
business owners and product
managers can communicate their
needs better so as to allow for
optimal technology enablement.
A detailed capability model helps in
vendor evaluation and selection.
It helps you identify conflicts,
overlaps and redundancies and
zero in on the weak areas so as to
develop a roadmap to evolve the
capabilities.
4. CIOPages Finance and Accounting Capability model captures a detailed view
and a nuanced perspective of what Finance and Accounting function does. It
includes the basic functions as well as emerging and value-add
functions/capabilities.
The model will help provide a jumpstart to envision a future state, conduct gap
analysis, identify capabilities which are needed/improved, and help focus
efforts on capabilities that matter!
What’s inside the Finance and Accounting Business
Capability Model?
The Finance and Accounting Business capability model is decomposed to a
minimum of two levels across the spectrum of Finance and Accounting
functional capabilities and, many a time to level 3 and some times level 4,
depending on the granularity and modularity required.
The capability model is structurally sound, internally coherent and maintains
principles of MECE (mutually exclusive and collectively exhaustive), to the most
part.
Finance and Accounting Level 1 Capabilities
Finance and Accounting Strategy Accounting Services
Management Finance F&A Reporting and Analytics
Example decomposition of a sliver of the Finance and
Accounting Business Capability Model
80% of your time on the 20% of the
capabilities that make you who you
are!
But I’ve seen this entire Capability
Map depicted as ONE BOX. Why so
many Capabilities?
The problem with some of the
mickey-mouse capability maps is
that they are too high level and are
nothing more than a few boxes and
arrows that can be used as Wall Art.
For a capability to link strategy to
execution, and to bring about
functional enablement at a
feature/function level, a well-
structured and deeply-decomposed
business capability map is essential.
Can you help us customize the
business capability model to our
enterprise needs?
We are glad you asked! Yes, of
course. Our domain and functional
experts can help take these straw
capability models and customize to
your needs.
With a full-fledged model as an
5. Level 1
Capabilities
Finance and Accounting
Strategy
Accounting Services
Management Finance
F&A Reporting and
Analytics
Level 2
Capabilities
General Accounting
Fixed Asset
Management
Accounts Receivables
Accounts Payable
Level 3
Capabilities
Accounts Payable
Planning
Procurement
Management
Level 4
Capabilities
Vendor Profile
Management
Vendor Reporting
Vendor Reporting
Vendor Inquiry
Management
Fine Print:
accelerator, the work will be fast,
efficient and effective.
Contact us for Advisory/Consulting
Services.
Why should I pay?
The domain knowledge and intellect
that went into constructing the
capability models is very high. The
cost is less than 2-hours of time of a
low-priced consultant. Or perhaps the
cost of pizza lunch for the team to
brainstorm and white board the
capabilities.
Consider the ROI: a) The hours of
work it will have saved your team if
they tried to build something from
scratch b) The time saved due to the
straw model covering 75-80% of your
needs and c) the value of focusing on
what makes you unique rather than
work on the entire list of capabilities.
The CIOPages.com Finance and Accounting business capability model is a digital product
and hence absolutely no returns or refunds.
A generic capability model may or may not fit your needs or the percentage of relevance
will vary greatly.
Sold on an as-is basis and without any implied or explicit warranties
Consultants and consulting firms who want to use it for their clients have a different
pricing model.
The sale is for the model only and does not include customization or implementation help.
Please review our standard terms of service.