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: How do we harness the momentum of digital change for broader organizational change?
Solution: Research shows what changes need to happen when.
The challenge
Detailed future vision creates greater efficiency in finance department of large European energy company.
Many companies are digitizing, professionalizing or replacing their ERP systems. The perfect time for the CFO to see if they can use the momentum of this digital change more broadly to redesign the entire organization. Can processes be designed more efficiently? Should functions be redefined? What is the impact of broader change on our organization? ConQuaestor finds answers to these questions. We investigate which changes have a positive impact and then support the CFO throughout the change process. In this case for one of the major European energy companies.
A broader organizational change has positive impact for this energy company. The CFO's next question is whether that change should occur before or after the digitization of their ERP systems. This varies by company, for example, in some cases the finance function is digitized first and then broader organizational changes are implemented. In other companies, it happens the other way around. For this particular organization, running these change processes in parallel has the most optimal effect. This means that while the systems are being digitized, the entire company is also being future-proofed.
Our approach
We involve the right internal employees and external stakeholders in a project group. Together we answer questions such as: which functions will be added, which will change and which will be removed? The project group consists of people with experience in change management, both from the HR side of an organization and people with legal and technical knowledge. People who understand what the impact of such a change will be for the organization.
Together we run an intensive project with a focus on change guidance. We organize weekly meetings with the steering committee and discuss, among other things, how and when to communicate the change to the rest of the organization. Thanks to this project group, which we as ConQuaestor compose and supervise, as well as ConQuaestor's knowledge of best practices within business operations, we create a broad base of support within the organization for the proposed improvement initiatives.
The result
The project group delivers a detailed vision of the future with answers to all the CFO's questions. This energy company tackles the implementation of the future vision itself, but thanks to our interim professionals, the support from ConQuaestor can go much further. For example, our professionals can also support the implementation of the vision and strategy.
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.