Private Equity firms need the Finance & Accounting team to deliver clear insights quickly. But too often, they are re-creating the wheel—implementing software, hiring professionals and building reports. Time is wasted and opportunities are missed.
To be successful, the finance & accounting function of Private Equity portfolio companies should create value. A strategic CFO should provide the “Voice of Finance” that permeates throughout the business. Key functions like processing transactions, closing the books and producing internal/external reporting should all be efficient. And those efficiencies should drive the relative cost of the finance & accounting function down as the organization scales up.
In this eBook, we’ll explain the common mistakes to help you identify potential failure points. We’ll provide insights into how they can be resolved so you can begin getting more value out of the finance function. And we’ll show you how the finance function can provide the foundation to build for the future and guide the business strategically.
Five Common Mistakes:
- Misaligned skill sets in finance & accounting
- Re-creating the finance & accounting wheel
- Disconnected finance & accounting systems
- Processes that won’t scale
- Buried information
The Fix:Driving efficiencies through automation and AI with Finance as a Service