The Challenge
A market leading insured suffered from a lack of alignment in processes, IT applications and the cost effectiveness balance across the global finance operations. Furthermore, there was a need for greater decision support and partnering from Finance to key operational functions.
Our Approach
We structured, designed and delivered a Finance Target Operating model and transformation programme approach to implement a revised target operating model for the consolidation of global finance operations into a shared service centre.
This involved developing and facilitating an inclusive, cross cultural approach with key stakeholders to achieve buy-in to the proposed organisational and functional change. It included the detailed definition of the revised operating model and the development of a credible and detailed supporting business case to provide a robust, actionable design.
The Outcome
By creating a credible global finance operating model and focussing heavily on stakeholder engagement and buy-in, we delivered a solution that the client was then able to quickly mobilise and execute against with minimal refinement.
A collaborative and valuable engagement. Stratiformis helped break down a complex regulatory subject matter into clear, actionable plans and business outcomes, and supported the end-to-end shaping and implementation of the program over 18 months. Having a trusted advisor and SME alongside our team meant a more efficient and focused delivery overall.
Stratiformis engaged in a focussed and accelerated manner to develop a comprehensive operating model capability breakdown, along with identification of the firm’s critical business processes Given the breadth of stakeholders and the inherent complexity of the processes, this work required both rigor and strong business insight — all of which Stratiformis delivered with diligence and professionalism.