Challenges and Opportunities

The company is facing enormous pressure to balance its intentions and external demands, and must create sustained outstanding performance to showcase the value it brings.

However, many corporate finance departments are being troubled by various factors, such as complex and decentralized systems, the increasing number of spreadsheets, and various management processes and control methods.

Baohe Consulting's past experience in collaborating with leading global companies has shown that maintaining multiple policies and systems in financial environments across multiple operating units is generally inefficient, costly, and difficult to manage. This not only hinders the ability of the finance department to submit accurate financial information in a timely manner, but also hinders them from realizing their true strategic value in the enterprise.

As the Chinese economy and individual enterprises continue to maintain double-digit growth rates and gradually enter the international capital market, it is necessary to design effective and flexible financial functions. PowerHelm has developed the FinResourceTM financial resource consulting service package to help companies deal with the complex problems and needs they will face in the future.

Consulting service content

The primary task for achieving the effectiveness of financial functions is to establish a comprehensive framework that not only outlines the long-term vision of financial transformation, but also guides the design and implementation of short-term transitional solutions.

The reform began with the comprehensive positioning of financial functions by enterprises. PowerHelm's financial vision framework assists companies in understanding the key dimensions that comprehensively affect financial effectiveness. At the same time, this framework also provides methods and tools for evaluating the effectiveness of current financial operation models and service levels, helping to identify gaps and set priorities for change.

Our professionals will utilize their financial, organizational, and technical skills to assist you in enhancing the core transaction processing and reporting capabilities of your finance department, strengthening its support for decision-making and corporate strategy. It is crucial to consider the effectiveness of technology, data services, change, and planning when providing comprehensive solutions for financial effectiveness.

The comprehensive services we provide include:

Process reengineering of financial management

• Benchmarking financial processes and operations, identifying performance gaps and issues.
• Looking ahead to the overall financial capability vision, considering financial organization, processes, personnel, and technology.
• Design and implement financial policies and control frameworks, and decompose them into all relevant business, regulatory, corporate governance, and internal control requirements.
• Design the overall financial organization, including personnel roles, corporate and business unit responsibility settings, and planning for shared service financial teams.
• Identify and assist in implementing opportunities for shared services and business outsourcing models.
• Design and implement specific financial transactions and reporting processes.
• Manage large-scale, multi tasking planning work.

The main benefits brought to you

By improving the efficiency and effectiveness of financial processes, PowerHelm's financial effectiveness services can help businesses enhance their performance

• Shorten the preparation time of financial reports and management analysis reports; Improve information transparency and quality; Accelerate the process of closing accounts.
• Improve performance management system and budget process; Improve the quality management of data collection and analysis accuracy; Faster and more accurate decision-making process.
• Simplify to improve the efficiency of activities in different departments and regions; Reduce IT, financial, and organizational costs; Standardization of operating procedures and application of best practices.
• Combining the comprehensive cost management environment with enhanced capabilities to achieve multidimensional segmentation, market, and customer analysis, thereby providing an essential understanding of the driving factors of business value.
• Integrate financial policies and processes with the financial and business goals of the enterprise; Improve the governance of the company's internal assembly line business to better control cash usage rights.
• Create a better professional environment to attract, retain, and cultivate high-end talents and future financial leaders.