Process Transformation

Reduce labor-intensive transactions, achieve cost efficiencies and improve output quality.

For decades, CFO’s have been chasing two goals: 1) Efficiency- from paying vendors to performing account reconciliations to closing the books- the routine work of finance should be done centrally and faster; and 2) Making more money- moving from a scorekeeper mentality to the role of a true advisor to business units to maximize the bottom line. Of course, when a company attains both goals, the results can be spectacular. However, reengineering and automating business processes is difficult. It can involve a radical rethink of what processes are and how they can best be executed. Therefore, many companies have been slow to streamline their operations along business process lines.

MarketSphere partners with our clients to transform the finance function by incorporating leading practices into process redesign and automation efforts. Our improvement programs significantly reduce labor-intensive transactions, achieve cost efficiencies and improve output quality. These enhancements enable finance staff to shift focus from low-value activities to high-value analysis. Furthermore, we also help our clients make informed decisions about the role of finance and evaluate the fit of shared service opportunities.

Our services include:

• Accelerated Close
• Process Re-engineering
• Shared Services & Outsourcing
• Spend Management
• Working Capital Optimization

Learn more about our Finance Advisory Process Transformation services.

Accelerated Close

Is your closing speed achieved on the backs of your staff? Is business growth increasing complexity in your accounting cycle? Are external reporting demands growing while timelines are shrinking? Have your systems replaced manual processes? MarketSphere’s Accelerated Close services can help you streamline the process. We have successfully helped our client’s document processes and controls and expand their close definition to include GL close, account reconciliation and all management reporting. Our services are leveraged to deliver a clear, concise and enforced close calendar while driving full automation and a structured workflow. Our clients are increasing analysis and forecasting activities while meeting the auditor’s rising requirements.
<<Back to Top>>

Process Re-engineering

Downturns can be a time of wrenching transformation for companies and industries. The economics of the business may alter because of increased competition, changing input costs, government intervention, or new trade policies. New competitors and business models may emerge as companies seek to increase revenue through expansion into adjacent product categories or horizontal integration. Successful companies will anticipate these changes and identify business process improvements and transform how people work. MarketSphere utilizes a proven approach to process re-engineering. From vision definition, project objective development, behavior delineation, key performance measure production and identification of initiatives to improve performance, our clients are managing downturns and changes and achieving success.
<<Back to Top>>

Shared Services and Outsourcing

Organizations are continuously looking for methods to reduce costs. Implementing a shared services or outsourcing model, focused on core competencies can create immediate savings. MarketSphere helps its clients evaluate the appropriate service delivery model that will maximize the efficiency and effectiveness of the organization and the processes performed, develop an actionable plan that is attainable based on reasonable time and cost factors, and execute the strategy/plan based on a proven project management methodology. By improving service and cost metrics, the shared services and/or outsourcing organization(s) quickly become a strategic component to containing cost, creating a high performing team, and improving the perception of the back office. In addition, by creating a shared service and/or outsourced service delivery model, our clients are able to create better results through superior quality and operational efficiencies with specialized resources; access to same economies of scale, efficiency and expertise that larger competitors have; and commoditize the cost of (shared) service to the client while making the service more strategic to the shared services management and team.
<<Back to Top>>

Spend Management

Many organizations currently struggle to effectively manage their procurement, contract management and payables function – juggling transactions and searching for cost reducing alternatives. Spend Management is the strategic approach to procurement and payables that goes beyond purchase orders and invoices by transforming the source-to-settle lifecycle into a value driver. MarketSphere works with clients to standardize procurement and payables functions across the enterprise – leveraging talent, technology automation and lean processes to create immediate results. Our Enterprise Spend Management Services takes a holistic approach of spend management allowing our clients to unlock the potential of their organizations.
<<Back to Top>>

Working Capital Optimization

In a market climate where pennies per share affect shareholder value, careless working capital performance, in the long run, will decide a company’s fate. MarketSphere’s Working Capital Optimization services help companies minimize working capital, and thus maximize liquidity, by developing sustained changes in working capital practices across the people, process and technology dimensions of an organization. Not only can we help harvest excess internal liquidity, but we help our clients streamline the financial supply chain, as opposed to making the annual, short-term working capital gains so typical of many companies. “Cash is king” is and always will be the reality for our clients. And an organization cannot put a price on what better working capital management could mean to its customers, vendors, investors, lenders and employees.
<<Back to Top>>