One of the most common questions organizations ask when they want to embark on a financial transformation program is simply “Where do I begin?.” They understand “why” they need to do it, but struggle with the “how.”
First off, there are some practical requirements to consider. Have you received board level buy in? Identified internal resource requirements or identified external resource requirements such as your project team, your project lead or maybe your communication strategy?
These are vital considerations. They’re also very important to get right from the outset because they will help tremendously as your program rolls out. But more importantly – and this is often the most difficult part – you also need to identify best practices and develop a list of key requirements and objectives that you want to fulfill.