Course description
Most finance leaders recognise they need to evolve their finance function and over three interactive, informative and fun days this VantagePoint Training will take you through the steps needed to get you there. During our time together, our subject-matter experts will define what a NextGen finance function looks like and what technology and skills you will need to have in place to make it a success.
To get to your NextGen finance function, you will create finance transformation project. There are many aspects to a finance transformation project and in this VantagePoint NextGen course we will cover each one in detail. The improvement and automation of your processes will play a key role in your success, but your team also needs to adapt in order to become key influencers in your business.
Our VantagePoint team will work with you to look at how your finance team shifts their focus to add more value to your company; taking a strategic, forward-looking approach and engaging effectively with the rest of your business. You will receive you effective methodologies to apply when upskilling your finance team leaving them ready for their dynamic new roles in the NextGen finance function.
Over a series of innovative sessions, this VantagePoint training will also cover all the ways technology can bring automation, efficiency and accuracy to your finance function, making your team less transaction focused and allowing them to add more value to the rest of the business.
Suitability - Who should attend?
Senior members of a finance team aspiring to transform their finance function.
Outcome / Qualification etc.
Learning Objectives: At the end of this VantagePoint course, attendees will be able to...
- Describe what a Next Gen finance function is, how it operates and why that can benefit an organisation
- Define what the “Finance function adding value” actually means for their entity, and the role of Finance teams in this
- Discuss the key attributes, skills and behaviours that finance staff need to demonstrate to be seen to be adding value in their entity
- Apply the methodologies we provide to upskill your team so they can add more value
- Identify the parts of their finance function that could benefit from technological solutions
- Create a business case for a finance transformation project
- Prepare their organisation for a finance transformation project
- Influence senior staff in their organisation more effectively
- Mitigate some of the barriers to an effective Next Gen finance function, and know what needs to be in place for the transition to a Next Gen finance function to work
Training Course Content
NextGen finance function:
- What a NextGen finance function is and how that compares to traditional finance operations
- Why your finance function needs to become NextGen
- What is involved in a finance transformation project
Adding value to your business:
- What does adding value mean?
- How do finance teams add value?
- Exploring the roles of finance teams in the context of adding value
Skills, attributes and behaviours needed to add value:
- What are the key skills, attributes and behaviours needed for a finance team to add value?
- French and Raven’s work on power
- Basics of colour theory relating to people personality preferences
- The pyramid principle and practical tips for effective presentation of financial information to non-financial staff
Technology underpins and empowers a Nextgen finance function:
- What are the different ways technology can help the finance function
- Identifying the technologies that are right for your finance function
Running a finance transformation project:
- The key elements of a finance transformation project
- Preparation needed before starting a finance transformation project
- Building a business case for your finance transformation project
Ensuring your NextGen finance function works:
- Right organisational structure
- Clearly defined roles
- Mitigating barriers to an effective NextGen finance function
Course delivery details
- Group live instruction
- Interactive exercises
- Participation will be required
- At VantagePoint, we have a policy to avoid unnecessary printing. All course materials will be provided in soft copy. The only printed materials will be those necessary for exercises in class.
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