Financial Management

You are in charge of Financial Accounting, Purchasing, Quality, Audits, Budgeting, Treasury… you need to secure, streamline, manage and modernize all your business processes:

• Year-end closing, reporting, budget planning, tracking and financial corporate communications.
• Purchase requests and investments.
• Invoice and payment authorizations.
• Collections and customer risk management.

Your business needs are not completely covered by the standard, off-the-shelf software packages already on the market, and you don't want to invest in a long and difficult development process for your existing information system (costly, requires extensive resources and difficult to maintain)

Thanks to the CFO Ready approach (BUSINESS FIRST FINANCIAL MANAGEMENT) and the rich experience we have gained from numerous projects both large and small, we would like to help you compose your customized, high quality financial business application to meet your needs.

If this sounds like your type of innovative approach, then don't hesitate, CFO Ready is for you!

Year-end Closing and Reporting

How to handle year-end closing processes and prepare year-end reports with ease!

Four basic imparatives:

• Transparency - reliable financial information, consistent and verifiable.
• Compliance - timeliness and standards.
• Efficiency - strong cost controls.
• Supervision - centralized information.

The answer? CFO Ready!

The CFO Ready approach (BUSINESS FIRST FINANCIAL MANAGEMENT) brings you greater peace of mind by orchestrating the work of all of your teams in charge of year-end closing and reporting, including modernized tools for accounting, financial management and consolidation.

We enable you to streamline, manage and secure all of your financial processes and provide a real means of measuring the effectiveness of financial functions and the ability to proactively respond to new regulatory constraints.

Our main strengths are:

• Industrialization of continuing operations (time and cost reductions).
• Coordination of all of your employees and document centralization.
• Risk reduction due to reliable account management and information audits.
• Quick and easy integration of accounting changes.

Budget Planning and Tracking

You would like to:

• Model your own development process and monitor your budget.
• Customize user screens.
• Avoid spreadsheets and email.

The answer? CFO Ready!

Thanks to the CFO Ready approach (BUSINESS FIRST FINANCIAL MANAGEMENT) we help you to streamline, manage and secure your entire process with:

• A predefined procedure (budget guidelines, procedure and matrix).
• A strict planning timetable.
• Predefined tasks (data entered by the operational team and gradually consolidated by the group's business control team, with the aim of coming to a consensus upon, and finally assigning, objectives).
• Employees who are assigned tasks (general management, finance, business control, operations control, operations …).
• A reminder and/or delegation system if expected elements are overdue.
• Centralized storage for all versions of working documents.
• Availability in real time of your project's current state of progress, ensuring that risks and bottlenecks are better managed.

Purchasing and Investments

You wish to optimize your company's performance in terms of purchasing and investments and you face the following key issues:

• Dematerializing your purchase and investment requests.
• Putting in place an approval process that ensures there are no unauthorized purchases.
• Establishing a financial control to ensure the proper use of budgets.
• Providing back-office support for purchasing processes (audit, approval, automatic generation and order dispatching, merchandise reception, etc.).

The answer? CFO Ready!

Thanks to the CFO Ready approach (BUSINESS FIRST FINANCIAL MANAGEMENT) you can streamline your purchasing process with overall valuable cost savings while meeting all company standards and expectations:

• Streamlining, management, orchestration and industrialization of all your processes.
• Increasing productivity through paperless processing and automated tasks.
• Securing the validation, ordering and receiving processes with full traceability.
• Improving visibility of the status of commitments and disbursement forecasts.
• Evaluating supplier performance, which is a real plus when negotiating future contracts.

Accounts Payable

You would like to enhance company performance by modernizing your system of validation and payment of invoices by:

• Reducing the cost of manual processing of paper invoices (over 14 euros).
• Reduce the invoice processing period (2 weeks average).
• Eliminating manual controls, loss of documents and data entry errors.
• Real-time reliable tracking of invoices received and expense and liability statements.
• Securing validations at all levels

The answer? CFO Ready!

Thanks to the CFO Ready approach (BUSINESS FIRST FINANCIAL MANAGEMENT) you may easily compose your accounts payable application with the following benefits:

• Streamling, management, orchestration and industrialization of the entire accounts payable process.
• Eliminating hidden costs (photocopies, postage, communications, duplicates, archives…).
• Improving accounting data quality: better follow-up of expenses and the ability to anticipate exceeded budgets.
• Improving liability reports, with reliable forecasting of financial statements at the end of the period.
• Anticipating potential supplier risks, enabling you to set up corrective measures.

Credit Risk Management

You wish to modernize debt collection by:

• Reducing overdue payments and collection expenses.
• Knowing the business credit profiles of your customers.
• Reducing the costs involved with managing customer credit.
• Increasing the productivity of your collection agents and ensuring that users are aware of the responsibilities associated with their function and seniority level.
• Reducing your financial costs

The answer? CFO Ready!

The CFO Ready approach (BUSINESS FIRST FINANCIAL MANAGEMENT) helps you compose your application to rapidly streamline, manage and secure the entire collections process with:

• Dynamic management of customer accounts.
• Optimized internal processes.
• Increased responsiveness and better control of notifications (friendly, pre-litigation, or litigation) via personalized reminders depending on the type of customer.
• Involvement of all your users, administrative or production, in the recovery process with the aim of obtaining relevant information, financial or economic, to help you evaluate and anticipate failure risks.
• Litigation process management.
• Real-time access to reliable and easily understandable dashboards that allow you take immediate corrective action.