204.Financial Transformation Live: Assessing Your Current Financial Systems

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In this episode of Financial Transformation Live, Hannah Munro explores how to assess and optimise your current financial systems to support your organisation’s goals. As the final live session of the year, this episode is packed with actionable advice and frameworks to help finance leaders plan their next steps for system improvements.

Tune in to learn:

• The four key components of a financial technology stack: controls, compliance, reporting, and process efficiency.
• A comprehensive framework for assessing your financial systems, including:
  • Understanding strategic direction and goals.
  • Gathering feedback and insights from stakeholders.
  • Performing process documentation and Excel audits.
  • Running reporting assessments and SWOT analyses.
• Practical tips to improve month-end efficiency and reduce close times.
• 10 quick wins to optimise your financial systems, from automating bank feeds to improving credit control.
• How to decide whether to enhance your current system or invest in a new platform using a traffic light evaluation method.
• Insights into leveraging your team’s expertise and industry benchmarks for continuous improvement.

Links mentioned:

• Building a Future-Proofed Reporting Architecture
  Please reach out to Hannah via LinkedIn if you'd like to be notified once our Sage Systems Feedback document is live!
• Getting Started with Mapping Out Your Finance Processes
• Breaking the Excel Addiction - Are you Over-Reliant on Spreadsheets?
• Reduce Your Month-End Close Time
• Helpful Guides for Sage 50, Sage 200, and Sage Intacct
• Sage Intacct On-Demand Demo
• Sage 200 Standard Coffee Break Demo
• Sage 200 Interactive Demo  
• Sage 50 Coffee Break Demo
• Download your System Audit Template

• Nov: Financial Transformation Live | Assessing Your Current Financial Systems 
• Revisit previous Financial Transformation Live  sessions 
• CFO 4.0 Monthly Briefing
• Financial Transformation Live Feedback survey

• Explore other CFO 4.0 Podcast episodes here.
• Subscribe to our Podcast!