2019 FIN Objectives
by Omer Saleem
1. Clean and align GL accounts
1.1. Map out GL for all entities
1.2. Identify duplicates and overlaps
1.3. Define singular GL map
1.4. Get new GL chart of accounts approved: auditor (IFRS) and Omer
2. Identify and map all department processes
2.1. Create list of departmental tasks
2.1.1. Identify interdepencies & prerequisites
2.1.2. Assign finalized tasks to team members
2.2. Attach SLAs to tasks
2.3. Identify governance for tasks
3. Make processes transferable
3.1. Cross training between team members
4. Reporting: Standardize format and SLA
4.1. List all monthly and quarterly reports currently being produced
4.2. Decide upon single format + content on each report (based on consumption needs)
4.3. Identify SLAs
5. Separate PSA & PConsult accounts
5.1. Identify need - PnL or Balance Sheet as well?
5.2. Use Classes to identify PSA and PConsult. Sub-Class PConsult Projects
6. Tighten Cash Flow Cycle + Receivables
6.1. Monthly Receivables Reporting
6.2. Monthly meeting between FIN & CRM
6.3. Escalation of 90+ days receivables
6.4. Service delivery Freeze on Overdue Accts
6.5. 1% overdue charge
