What is Finance and Accounting Digital Benchmarking?


Digitalization and COVID have changed the role of finance and accounting permanently. Finance has historically approached investments and transformations from a cost and efficiency standpoint. They now need to adopt a ‘service provider’ mindset that enables customer value through the enterprise.

Business leaders are becoming cognizant that balanced investments in every aspect of the finance functions are instrumental in achieving transformation. As product-service portfolios change and customer and business acquisitions go digital, finance is standing at the forefront of enabling R&D, marketing, sales, manufacturing, services, and supply chain with the right pricing and costing models.

Digital Enterprise Evolution Model™ - Finance and Accounting

Finance Evolution Curve

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Digital Benchmarking of finance and accounting is a survey driven process through which we help finance leaders measure their competitive positioning on the finance digital continuum by comparing their capabilities quantitatively against peers within the industry and digital champions worldwide.

Benchmarking the digital maturity of finance reveals insights that help in strategic prioritization and allocation of resources in a time of rapid change and challenging constraints.

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Business Capabilities


Financial Planning

Financial Planning, Analysis, and Reporting

Quote to Order

Quote to Order

Order to Cash

Order to Cash

Procure to Pay

Procure to Pay

Record to Report

Record to Report

Treasury

Treasury

Fixed Assets Management

Fixed Assets Management

Payroll Management

Payroll Management

Tax Management

Tax Management

Finance and Accounting IT Capabilities


Tax Classification Tool

Tax Classification Tool

cloud

Finance Analytics

cloud

Automated Accounting

cloud

Cloud Adoption

Our Finance and Accounting Digital Benchmarking Data and Research Capabilities


Our benchmarking services are powered by one of the world’s largest databases, with over 1.5 million data points collected from 5,000+ companies. The Trasers finance and accounting database has data spanning digital transformation definitions, status, visions, strategies, technology investments, SW platforms, leadership, and organizational change. Within finance and accounting, our data spans the following:

Our Finance Digital Transformation Data

Digital Transformation Data

Source: Trasers

In addition to this large and growing database, Trasers has access to leaders across thousands of companies from various industries, size segments and geographies worldwide. We use data for custom finance and accounting research that addresses company and industry-specific questions.

Know the Digital Competitiveness of Finance and Accounting Within Weeks


Our benchmarking process is a combination of digitally collected data and interviews with finance and accounting leaders in your organization and IT department supporting finance and accounting. Also, we partner with you to identify global peers and best-in-class against whom you would like to benchmark.

We enter your data in the Trasers repository and analyze it against peer companies and leaders across industries. From data collection to conducting personalized workshops, our end-to-end process takes 6-10 weeks, depending on your organization’s size and complexity.

Benchmarking Engagement Approach & General Timelines

Know your digital maturity within weeks

Source: Trasers

Benchmarking provides you insights on your maturity on a standalone basis and competitive gaps at a sub-function and at an overall level in the following areas:

Process digitalization

Finance and Accounting Process Digitalization

Data & analytics

Finance and Accounting Data and Analytics

Applications portfolio

Finance and Accounting Applications Portfolio

Cloud Adoption

Finance and Accounting Cloud Adoption

Advanced technologies

Advanced Technologies and Finance and Accounting Use Cases - AI, ML, Automation, VR, IoT, Robotics, etc

Training and Change Management

Training and Change Management

Organizational Models

Organizational Models

Prioritize Your Finance and Accounting Transformations Confidently with Digital Benchmarking Insights


Let’s face it - the reality of digitalization has dawned on all of us. However, given COVID-19 and the recessionary environment, finance and accounting budgets are limited, teams are stretched, and it is critical to get things right the first time. When you don’t succeed in the new, shrinking windows of opportunity, it impacts the entire company’s ability to survive.

The most successful finance and accounting leaders are data-driven; almost all of them use insights from data to prioritize their digital transformations. Finance and accounting benchmarking helps you gain much-needed clarity on the gap between you and your competition, develop your vision and strategic priorities to catch up, or leap ahead.

Our teams then help finance and accounting leaders through tailored workshops and rapid, iterative sessions to prioritize transformation blueprints, roadmaps, business cases, and ROI analyses to transition quickly into action.

 

Use of Data and Analytics by Digital Champions

Source: Trasers

Experience the Trianz Difference

Trianz enables digital transformations through effective strategies and excellence in execution. Collaborating with business and technology leaders, we help formulate and execute operational strategies to achieve intended business outcomes by bringing the best of consulting, technology experiences and execution models.

Powered by knowledge, research, and perspectives, we enable clients to transform their business ecosystems and achieve superior performance by leveraging infrastructure, cloud, analytics, digital, and security paradigms.

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State of Digital Transformation
Worldwide 2020 Report

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