ConQuaestor Consulting is a leading consulting firm. We provide comprehensive support for the CFO agenda, including guidance on change processes, ESG, Working data-driven, the furnish efficiently of the finance organization and the Optimizing (financial) processes. With a team of dedicated consultants, we deliver customized solutions, helping companies achieve their goals. In this article you can read about what ConQuaestor can do for a CFO.
Challenge: Reducing costs at times of uncertainty.
Solution: ConQuaestor uses quantitative and qualitative research to create a well-founded plan for best practice financial function design.
The challenge
In six weeks to concrete plan of action for further development of multinational financial function.
The CFO of a large global retailer (40 billion in sales) needs more clarity on the current performance of his finance department and how they are performing compared to similar organizations. With these insights, he can then substantiate the vision and strategy and arrive at a sound plan for the future.
At a time of uncertainty in revenue trends, the finance department of this global retailer faces the task of reducing costs in the financial area. Due to the unexpected rush during and immediately after the corona pandemic, the company hires many new employees, but the positions are poorly defined. As a result, the landscape of professionals within operations becomes diffuse, many employees may hire new people, and it is unclear who exactly does what. The CFO wants more clarity and engages ConQuaestor to make that happen.
Our approach
Our professionals use quantitative and qualitative research to find out how the finance department currently functions and how it does in other similar organizations. We do this by:
- Establish a benchmark resulting in an objective outside-in view;
- Organize workshops;
- Explore available information;
- Conduct in-depth interviews with employees to find out who does what;
- Data collection.
This gives us a good picture of how the organization is put together along the axes of people, processes, data/IT and organization, and how it performs on these compared to similar organizations.
The result
Then ConQuaestor's professionals compile that information into a compact document. Our project group presents this to the CFO. We create a 'solutions roadmap' and clarify the need for change and how to achieve it. For this company, this commitment was sufficient; they were able to get started themselves with this delivered Plan of Action and realized the organizational change under their own steam.
For the CFO who also wants to leave the execution in the hands of ConQuaestor, we have skilled interim professionals available. Thanks to our expertise in all steps of the process, we can provide support in all areas. From drafting a vision and strategy to executing the substantiated plan, ConQuaestor is the designated partner.
Wondering what ConQuaestor can do for your organization? Contact us without obligation:
Sjors Loeffen
Partner Management Consulting - Finance Transformation
sjors.loeffen@conquaestor.nl +31651645356
Or click here to get in touch using the contact form on the website.