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Financial Controls - getting it right and making it work
I am looking a setting up an unsolicited new department/function unit an organization that will help achieve the following
- improve cross silo/departmental collaboration
- strengthen the desire of staff to work from their hearts and beyond just earning a salary
- set up controls that will impact on all departments and act as a guide to ensure there is congruence of purpose and eventually achieve the company`s objectives
- to carry out in house training and sensitization that will help continually remind people of what needs to be done, possibly how and why self interest must not over shadow corporate interest
These are my thoughts but i need help in getting it off the grounds. I need to make them actionable effective Jan 01 2018.
Please share with me from your experience and how I can succeed at this.
77 months ago
1 answer
Hi Evan,
You seem to have a lot to do in a very short time. Jan 1 is just days away. I'm not sure how far in your process you are but here is some ideas I have. FYI, I have not had to do this before but I had a project where my last employer was implementing a new global ERP and I was responsible for review business needs and determining how to address these needs in the new environment. So not exactly the same but there are some common themes.
I would start with CEO and CFO direct reports to understand what process they are responsible for and to identify which ones are considered key to the business. This should help you with bullets 1 and 3. It gives you some ideas on the areas where departments can/need to collaborate and set up the controls points that impact all departments. Once you have this base, you can build on it with support for points 2 and 4.
77 months ago
