The application of Lean thinking to the financial function and to financial processes represents new terrain for many Lean practitioners. However, the recent launch of our US business means that S A Partners can now add this to their list of market differentiators. The new US business led to the acquisition of two consultants with a background in the finance function. They have written several cases studies which reveal a flavour of the challenges that are likely to be met in the application of lean in finance. Common issues that companies face include: an accelerating rate of regulatory change; unmanageable forecast inaccuracies due to poorly understood assumptions and drivers and fragmented I.T. solutions. The case studies draw on work that has been carried out in organisations as diverse as manufacturing to oil and gas to professional services. The benefits of a lean improvement approach have been found to manifest in far better decision-making as well as happier shareholders and employees. The approach S A Partners advocates is an holistic one in which engagement and behaviours are addressed as part of the improvement and in which automation through the use of software is used only after the manual process has proved streamlined, robust and effective. Why not find out more about our Financial Services offering.
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