General TOM

Question 1

Which Discover deliverable establishes a baseline upon which to measure future state initiatives

Answer 1

Current State Narrative

Question 2

What do the two scoring axes of the project prioritization matrix represent?

Answer 2

Impact vs. Effort

Question 3

What are the 4 core phases of the TOM

Answer 3

1. Assess
2. Design & Transition
3. Transform
4. Manage (and Sustain)

Question 4

What are the 5 sub Steps of TOM

Answer 4

1. Discover
2. Analyze
3. Design
4. Prioritize
5. Advance

Question 5

What sub steps are in the core phase of Assess

Answer 5

1. Discover
2. Analyze

Question 6

What Steps are in the core phase of Design & Transition

Answer 6

1. Design
2. Prioritize
3. Advance

Question 7

What is the desired outcome from designing future state process flows?
a) Assignment of roles and responsibilities
b) Identification process dependencies
c) Definition of future state automation outlook
d) Agreement upon future state processes
e) All of the above

Answer 7

e) all of the above

Question 8

What is the difference between a Finance 360 Assessment and a Finance Target Operating Model Design?

Answer 8

Finance 360 is:
- A quick analysis of current state and does an analyst against leading practices, then defines a future state
- It includes Discover, Analyze and Advance stages

Finance TOM is:
- Much more detailed in the analysis and time spent
- It also includes Discover, and Analyze, however prior to advance stage there is also a detailed Design and Prioritize stage, then Advance

Question 9

What are the main services that CFO advisory provides?

Answer 9

Finance Strategy – decision support and analysis
Finance Assessment – analysis and recommendations
Bustiness Operations Transformation – optimize, transform, and prepare for growth
Finance Integration & Transaction Support – provide structure, clarity and confidence
Program & Change Management – guide and support change
CFO Support services – Sustain and support in interim as CFO, director and managers under client

Question 10

What is a Finance Assessment?

Answer 10

It is a rapid assessment of the client finance process and data to accelerate initiatives to modernize the CFO office (in TOM would include Assess, Analyze and Advance)

Question 11

What is a Business Operations Transformation?

Answer 11

The design and plan of operating models to maximize efficiency and leverage emerging technologies and best practices to enable effective business insight management and performance (in TOM would capture Design, Prioritize, Advance and sometimes Transform)
Bonus points: Would include Finance function automation through system selection, ERP optimization, Finance close automation and finance process automation?

Question 12

What is Finance Strategy?

Answer 12

Decision support and analysis based on insights from business context, stakeholder expectations, and capabilities to recommend value add (accretive) strategies
Bonus points: Would include Transformation strategy with business case, location assessment, effectiveness and benchmarking, Finance and Accounting outsourcing (FAO). As well as Service Delivery Model (SDM), SDM design, shared services and business process outsourcing

Question 13

What are the main finance processes that CFO services scopes as part of Finance Assessments and Business Operations Transformations

Answer 13

L2C - Lead to Cash
P2P - Procure to Pay
S2R - Source to Report
A2R - Acquire to Retire
P2A - Plan to Act
H2R - Hire to Retire

Question 14

What is the Finance Transformation Value Proposition, how do we add value?

Answer 14

The finance function is growing within organizations to become a STRATEGIC ENABLER. We help our clients modernize their finance function by OPTIMIZING STRATEGY and OPERATING MODELS, IMPROVING BUSINESS PROCESSES and LEVERAGING DIGITAL FINANCE SOLUTIONS