Finance Optimization Services
Optimize your enterprise’s finance department and unlock high performance and business visibility.
-
Leverage organic growth and retain value
-
Avoid high transition costs during mergers and acquisitions
-
Rehabilitate poor-performing finance departments
How SSNW helps Finance Departments succeed
For companies currently using Dynamics 365 Finance and Supply Chain Management, our Finance Optimization Services provides levels of support including finance department assessments, expertise in D365 Finance for functional restoration, and even being able to temporarily assume functional responsibility with a team of SSNW finance clerks to rapidly improve performance.
What SSNW does:
Finance Department Assessments
The first step is to assess your current finance department's operations and procedures and locate where inefficient processes exist and how to ameliorate the issues. In the assessment, we analyze data to see how the order to cash, procure to pay, and report to close processes can be improved. We ensure best practices are being used from start to finish, streamlining reporting capabilities and optimizing workflows that support high performance. SSNW then provides step-by-step instructions to implement the recommended changes that will help your finance department reach maximum performance.
D365 Finance Expertise
As business and technology consultants, we understand that using new technology and being asked to follow a different set of rules can be frustrating and difficult. Because we’ve seen it before, our skilled consultants can help solve workflow issues, remove bottlenecks, and assist by offering an on-site presence and helping smooth out the transition between systems.
SSNW’s team temporarily assumes the finance business function
In cases where low-performing finance departments endanger the success of the company, SSNW can provide a team of highly trained finance staff who are up to date on best practices and Dynamics 365 functionality to perform the finance function. By utilizing SSNW’s finance teams, companies ensure rapid improvement and maximized efficiency.
Selected Case Studies
Particleboard Manufacturer
Prior to its own acquisition, Flakeboard was the largest wood producer in North America, manufacturing a variety of particleboard and medium density fiberboard. To avoid cost-prohibitive transition services during an acquisition of three composite panel operations from a large timberland company that would quadruple their existing capability, Flakeboard hired SSNW to perform the finance function at a fraction of the cost.
Selected Outcomes
-
Provided significant cost savings compared to transition services
-
Established long-term technical and physical infrastructure for accounting
-
Doubled output using automation and D365 tools that enable high performance
-
Consolidated invoicing, evaluated receipt settlements, electronic invoicing, and electronic payments
Multinational Malting Company
After implementing Dynamics 365 Finance and Supply Chain Management to handle their domestic and international operations, the company’s finance department was left under-optimized and struggling. SSNW conducted a finance assessment, discovering processes that could be automated, operations that could be streamlined, and many other redundancies. Once their finance department hit a critical point of putting the company at risk, SSNW was hired to perform the finance function and optimize the finance department’s role.
Selected Outcomes
-
Increased working capital by 3.3 million
-
Improved on-time payments by 120%
-
Streamlined the cash application process to half a day
-
Established efficient workflow processes for approvals that ensure accurate general ledger coding
Next Steps
Begin with a free consultation. Send us an email with some basic information including anything urgent that we should know. We'll setup a virtual meeting, where we can discuss the current state of your finance performance and provide the pathway to ensuring you get the most from your team and ERP platform.
Address
11200 SW Allen Blvd Suite 200
Beaverton, OR 97005
Phone
(503) 924-4434