Finance and Accounting Business Capability Model
The CIOPages.com Finance and Accounting business capability model is hierarchically decomposed list of capabilities which captures the end-to-end entities that span the finance and accounting function. Visit: https://www.ciopages.com/store/finance-accounting-business-capability-model/
The CIOPages.com Finance and Accounting business capability model is hierarchically decomposed list of capabilities which captures the end-to-end entities that span the finance and accounting function. Visit: https://www.ciopages.com/store/finance-accounting-business-capability-model/
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<strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong> <strong>Business</strong> <strong>Capability</strong> <strong>Model</strong><br />
Product Description<br />
<strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong> <strong>Business</strong> <strong>Capability</strong> <strong>Model</strong> : The CIOPages.com <strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong> business capability<br />
model is hierarchically decomposed list of capabilities which captures the end-to-end entities that span the finance <strong>and</strong><br />
accounting function. Among others, the capability model helps in evaluating the maturity of the function, underst<strong>and</strong>ing<br />
the strengths <strong>and</strong> weaknesses so as to craft a capability evolution roadmap. <strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong> is not longer just a<br />
recorder of the past. <strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong> has emerged as a vanguard of harnessing the resources of an enterprise to<br />
elevate the performance. To underst<strong>and</strong> modern finance <strong>and</strong> accounting functions, it is imperative to have a structurally<br />
sound <strong>and</strong> stable business capability model.
What are <strong>Business</strong> Capabilities?<br />
<strong>Business</strong> Capabilities describe “What”<br />
a business does. <strong>Business</strong><br />
capabilities act as the foundational<br />
building blocks in business<br />
architecture as they are the stable<br />
components <strong>and</strong> solid entities to<br />
model a business.<br />
What is the value of a <strong>Business</strong><br />
<strong>Capability</strong> <strong>Model</strong>?<br />
A well-structured business<br />
capability model aligns business<br />
<strong>and</strong> technology.<br />
It provides a common language<br />
that bridges the traditional gap<br />
between business <strong>and</strong> IT teams<br />
<strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong> <strong>Business</strong> <strong>Capability</strong> <strong>Model</strong><br />
What is included in the <strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong><br />
<strong>Business</strong> <strong>Capability</strong> <strong>Model</strong>?<br />
The <strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong> capability model is a hierarchical<br />
decomposition of about ~110 business capabilities spanning all <strong>Finance</strong><br />
<strong>and</strong> <strong>Accounting</strong> functions.<br />
A granular capability model (not<br />
too high level) allows for mapping<br />
to technology components to<br />
underst<strong>and</strong> the functional<br />
sufficiency <strong>and</strong> footprint of<br />
applications to meet business<br />
needs.<br />
Requirements anchored to a<br />
capability help companies focus on
Formats included :<br />
A Spreadsheet with business<br />
capabilities <strong>and</strong> worksheets to<br />
conduct an assessment <strong>and</strong><br />
document associations<br />
<strong>Capability</strong> Management in a Box<br />
DETAILS<br />
Presentation slides with a visual<br />
nested list<br />
Word document in a multi-level list<br />
format<br />
Looking for more? Try our <strong>Capability</strong> Management in a Box…or<br />
rather in a Spreadsheet. Learn more<br />
Why do we need a <strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong> <strong>Business</strong><br />
<strong>Capability</strong> <strong>Model</strong>?<br />
The value of business capabilities is undisputed as they help bridge the gap<br />
between business <strong>and</strong> IT, help underst<strong>and</strong> the essence of what a business<br />
does, <strong>and</strong> align development efforts to strategic priorities, which helps evolve<br />
<strong>and</strong> enhance capabilities.<br />
Ideally, your firm should have a structured <strong>and</strong> well-defined enterprise business<br />
capability model. And furthermore, for the capability model to the actionable, it<br />
should be decomposed to a granular level of capabilities (at least Level 3 <strong>and</strong><br />
some times to Level 4) for it to be practical <strong>and</strong> to be able to leverage in IT<br />
enablement projects.As we discussed before, <strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong> has<br />
emerged as a key function which orchestrates organizational resources with<br />
the aim of elevating corporate performance.<br />
capability evolution, not silo’ed<br />
project execution<br />
Using capabilities as Lego blocks,<br />
business owners <strong>and</strong> product<br />
managers can communicate their<br />
needs better so as to allow for<br />
optimal technology enablement.<br />
A detailed capability model helps in<br />
vendor evaluation <strong>and</strong> selection.<br />
It helps you identify conflicts,<br />
overlaps <strong>and</strong> redundancies <strong>and</strong><br />
zero in on the weak areas so as to<br />
develop a roadmap to evolve the<br />
capabilities.<br />
Will a generic <strong>Business</strong> <strong>Capability</strong><br />
Map fit our unique needs?<br />
The goal of CIOPages.com business<br />
capability maps is to meet or beat a<br />
threshold of 75-80% relevance. There<br />
is always that 20-25% that may need<br />
to be modified <strong>and</strong> customized to<br />
capture the unique essence of your<br />
enterprise. In addition, having a prebuilt<br />
straw model helps in a) not<br />
missing out on the core <strong>and</strong> obvious<br />
business capabilities <strong>and</strong> b) spend
CIOPages <strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong> <strong>Capability</strong> model captures a detailed view<br />
<strong>and</strong> a nuanced perspective of what <strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong> function does. It<br />
includes the basic functions as well as emerging <strong>and</strong> value-add<br />
functions/capabilities.<br />
The model will help provide a jumpstart to envision a future state, conduct gap<br />
analysis, identify capabilities which are needed/improved, <strong>and</strong> help focus<br />
efforts on capabilities that matter!<br />
What’s inside the <strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong> <strong>Business</strong><br />
<strong>Capability</strong> <strong>Model</strong>?<br />
The <strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong> <strong>Business</strong> capability model is decomposed to a<br />
minimum of two levels across the spectrum of <strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong><br />
functional capabilities <strong>and</strong>, many a time to level 3 <strong>and</strong> some times level 4,<br />
depending on the granularity <strong>and</strong> modularity required.<br />
The capability model is structurally sound, internally coherent <strong>and</strong> maintains<br />
principles of MECE (mutually exclusive <strong>and</strong> collectively exhaustive), to the most<br />
part.<br />
<strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong> Level 1 Capabilities<br />
<strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong> Strategy<br />
Management <strong>Finance</strong><br />
<strong>Accounting</strong> Services<br />
F&A Reporting <strong>and</strong> Analytics<br />
Example decomposition of a sliver of the <strong>Finance</strong> <strong>and</strong><br />
<strong>Accounting</strong> <strong>Business</strong> <strong>Capability</strong> <strong>Model</strong><br />
80% of your time on the 20% of the<br />
capabilities that make you who you<br />
are!<br />
But I’ve seen this entire <strong>Capability</strong><br />
Map depicted as ONE BOX. Why so<br />
many Capabilities?<br />
The problem with some of the<br />
mickey-mouse capability maps is<br />
that they are too high level <strong>and</strong> are<br />
nothing more than a few boxes <strong>and</strong><br />
arrows that can be used as Wall Art.<br />
For a capability to link strategy to<br />
execution, <strong>and</strong> to bring about<br />
functional enablement at a<br />
feature/function level, a wellstructured<br />
<strong>and</strong> deeply-decomposed<br />
business capability map is essential.<br />
Can you help us customize the<br />
business capability model to our<br />
enterprise needs?<br />
We are glad you asked! Yes, of<br />
course. Our domain <strong>and</strong> functional<br />
experts can help take these straw<br />
capability models <strong>and</strong> customize to<br />
your needs.<br />
With a full-fledged model as an
Level 1<br />
Capabilities<br />
<strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong><br />
Strategy<br />
<strong>Accounting</strong> Services<br />
Management <strong>Finance</strong><br />
F&A Reporting <strong>and</strong><br />
Analytics<br />
Fine Print:<br />
Level 2<br />
Capabilities<br />
General <strong>Accounting</strong><br />
Fixed Asset<br />
Management<br />
Accounts Receivables<br />
Accounts Payable<br />
Level 3<br />
Capabilities<br />
Accounts Payable<br />
Planning<br />
Procurement<br />
Management<br />
Level 4<br />
Capabilities<br />
Vendor Profile<br />
Management<br />
Vendor Reporting<br />
Vendor Reporting<br />
Vendor Inquiry<br />
Management<br />
The CIOPages.com <strong>Finance</strong> <strong>and</strong> <strong>Accounting</strong> business capability model is a digital product<br />
<strong>and</strong> hence absolutely no returns or refunds.<br />
A generic capability model may or may not fit your needs or the percentage of relevance<br />
will vary greatly.<br />
Sold on an as-is basis <strong>and</strong> without any implied or explicit warranties<br />
Consultants <strong>and</strong> consulting firms who want to use it for their clients have a different<br />
pricing model.<br />
accelerator, the work will be fast,<br />
efficient <strong>and</strong> effective.<br />
Contact us for Advisory/Consulting<br />
Services.<br />
Why should I pay?<br />
The domain knowledge <strong>and</strong> intellect<br />
that went into constructing the<br />
capability models is very high. The<br />
cost is less than 2-hours of time of a<br />
low-priced consultant. Or perhaps the<br />
cost of pizza lunch for the team to<br />
brainstorm <strong>and</strong> white board the<br />
capabilities.<br />
Consider the ROI: a) The hours of<br />
work it will have saved your team if<br />
they tried to build something from<br />
scratch b) The time saved due to the<br />
straw model covering 75-80% of your<br />
needs <strong>and</strong> c) the value of focusing on<br />
what makes you unique rather than<br />
work on the entire list of capabilities.<br />
The sale is for the model only <strong>and</strong> does not include customization or implementation help.<br />
Please review our st<strong>and</strong>ard terms of service.
Need Customization Help?<br />
CONTACT US