Rethink the record to
compliance and reporting
Our services
Traditional accounting & consulting firms assist with filing a report, lodging a return or providing technical advice on underlying risks and impacts to the business.
At Re:think Transform we provide a different more innovative offering to support your organisation.
Managing your in-house team
Depending on the circumstances of your organisation you may need differing degrees of in-house support. For example, dealing with resource gaps, temporary absences or succession planning. We can support the management of your in-house team by supervising, sourcing/onboarding appropriate personnel, mentoring, training and/or stakeholder management. We can become part of your team.
In some cases organisations may not want to maintain particular in-house roles. In those cases we can take on those roles.
Transform to operate
The concept of finance transformation is not new. However, traditional finance transformation projects have often been assessed based on cost/benefit of transforming upstream ERP data/transactions/processes in a way that standardises and consolidates entity level finance function/process.
Often this involves reducing head count/payroll cost by shifting to in-house or outsource (BPO) Shared Service Centre capability as well as adopting RPA & AI to automate rules based repeatable activities.
Typically, this can ignore embedded shadow functions, create stranded activities and does not always account for regulatory compliance reliance on judgement & entity level data.
This can result in compliance failures, increased backfill resourcing, impacts on internal controls & regulatory governance and drives additional unanticipated cost.
Our transform to operate solution provides a downstream transformation strategy, case for change, benefit summary, implementation & operational support. We can recommend a Future Operating Model with a focus on people, process & technology and prepare a policy framework, procedures & internal controls. Often this will involve adopting a centre of excellence resource model.
This drives improved risk management & governance by changing process, data retention, analytics & reporting.
Once we rethink and transform your function we can integrate the solution into your finance framework or operate agreed aspects for you. An operate solution allows us to deliver agreed activities on a managed services basis.
