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CFO/Controller Support
The CFO/Controller Support practice was launched by SyApps to provide focused consulting services
to the CFOs and Controllers needs. The Service offering includes a
holistic approach to the development and implementation of accounting
solutions.
Our philosophy under the CFO/Controller Support is based on the
following few practical premises:
• Develop repeatable processes to produce accurate, consistent and timely
financial results
• Streamline accounting processes with effective accounting controls
• Automate accounting processes through effective use of technology
• Ensure accurate and clean source data
• Create a platform for flexible reporting and analysis
The area of focus for a CFO/Controller Support is highlighted in our service
model depicted in the picture below.
This addresses the end to end components under Operational Accounting,
Functional Accounting, Financial Accounting and Special Projects
Some of our focused service areas include the following:
FASB Implementation:
A successful FASB implementation depends on efficient processes that
operationalize accounting
pronouncements in to the production stream with a high degree of
accuracy.
Our service offering involves working with the accounting group to:
• Develop an operational policy based on relevant pronouncements
• Develop a systematic solution to operationalize pronouncements and
produce accurate results
• Integrate the solution seamlessly into the production stream with
appropriate process controls
• Develop reports and analytics to validate results and generate relevant
information to support footnotes
and disclosures
Rapid Close:
The key to a successful accounting environment is the ability to
close the books every period in a tightly controlled environment with a
high level of confidence on the accuracy of the results.
Our service offering involves working closely with the accounting group
to:
• Review and assess existing processes
• Document existing processes and introduce appropriate technology
solutions
• Design and implement workflow focusing on use of technology and task
scheduling
• Deliver reports and analytical tools to validate results
Development and Testing of Controls:
Accounting processes or system solutions need to be tested for
controls and accuracy in order to be successful.
Our service offering is able to:
• Document business processes and controls
• Design and implement workflow and controls based on understanding of
business processes
• Develop Risk Control Matrix (RCM) and identify key controls area
• Test/Validate operational effectiveness of the controls and the design
of new processes providing
supporting artifacts as proof of controls
Financial Reporting:
The accuracy of a financial report depends on validated and controlled
accounting process with the right use of technology to generate the
reports. The review, validation and preparation of an annual report can
be a time consuming process and needs a strong team with the knowledge
of accounting rules and implications to be working on it.
Our service offerings in this area is able to:
• Develop systematic processes to generate relevant information contained
in the footnotes and disclosures
• Provide support in the preparation of Financial Statements including
drafting of footnotes and disclosures
• Develop and implement automated processes to generate the accounting
numbers for disclosures
Management Reporting and Business Intelligence:
Management reporting is an essential component to the day-to-day life of
decision makers in most organizations. Typically, financial health is
not the only key indicator when managing an organization’s business. An
organization needs relevant non-financial information out of their
systems with the ability to transform that information into powerful and
timely reports. This allows management decisions based upon fact rather
than intuition.
Our service offering is able to:
• Document business processes
• Identify key business and process drivers
• Develop prognostic KPIs and processes to capture, measure and report in
a timely manner
Special Projects:
With a highly skilled and experienced team of consultants, SyApps is
able to provide support to a wide variety of special projects within the
CFO/Controller Support functions such as Financial Remediation, Post Acquisition
Integration and Operational Support from staff accountant to Controller.
Please contact
info@syapps.com for any inquiries |
