Three Areas of Expertise to Strengthen Your Finance Department
We support finance departments and their teams in accounting processes, financial management, and cash flow management, in conjunction with information systems.
Accounting & ERP
Ensure the reliability of financial reporting and continuously improve the tools that support your operations.
- Improve the reliability of accounting systems, reconciliations, and month-end closing procedures.
- Review the organization of work among teams and shared service centers.
- Support ERP projects: requirements gathering, business-IT coordination, acceptance testing, and preparation for deployment.
Documented processes, a shared closure timeline, formalized functional requirements, and explicit acceptance criteria.
Key metrics to track: closing duration, discrepancies to be addressed, and volume of corrections.
Evaluate the automation of invoice processing and anomaly detection, with defined controls and human validation of exceptions.
Performance & EPM
Use financial data as a decision-making tool for management and operational staff.
- Structure analytical models and standardize management rules.
- Strengthen monitoring of budgets, costs, investments, and margins.
- Support EPM projects: management needs, data reliability, testing, and adoption of reporting.
A set of key performance indicators, standardized calculation rules, dashboards, and a management cycle tailored to your decision-making needs.
Key metrics to monitor: reporting turnaround time, data quality, and time spent on analysis.
Assist with variance analysis and the preparation of financial comments based on traceable data, with review and approval by the Finance teams.
Cash & TMS
Improve visibility into liquidity and provide tools for cash management.
- Assess cash management practices and the factors influencing working capital requirements (WCR).
- Structure cash flow forecasts and coordinate efforts between Finance and business units.
- Support the evolution of TMS tools and cash management centralization systems.
A shared understanding of cash flows, documented forecasting rules, and an action plan for cash management and tools.
Key metrics to monitor: forecast reliability, visibility into positions, and changes in working capital.
Consolidate cash flow data to analyze variances between forecasts and actual results and inform liquidity scenarios.
A Well-Structured Project: From Decision to Implementation
The scope, deliverables, and responsibilities are defined with you at the start of the project.
Setting Priorities
We start with your operational challenges, your teams’ expectations, and the available data. Together, we choose the topics to address and the results to measure.
Build and Deploy
A dedicated team organizes the work, produces the deliverables, and supports their implementation in collaboration with your business teams and IT contacts.
Measure and Transmit
We monitor the selected metrics, adjust our actions, and prepare for the handoff: documentation, familiarization with the tools, and clearly assigned responsibilities.
An expert to strengthen your team
Are you leading a project and looking for specialized expertise? The Competency Center assigns Finance & Performance consultants to your teams for a duration and scope defined jointly.
Field Operations
Case studies to learn more about our support services.
Optimizing Cash Flow
Assessment of cash flows and governance, improvement of cash flow forecasting, and optimization of Kyriba usage.
Strengthening back-office management control
Expenditure and investment management, budget structuring, and automation of provisions.
Establishing an audit framework
Defining the target organization, improving processes, and supporting teams in the implementation of Level 2 controls.
Customer Testimonials
They share their experiences with PALMER.