The current business environment is uncertain and ever-changing, forcing organizational leaders to rethink the structure and operations of the critical functions supporting their business. Common challenges have become increasingly complex as a result of today’s business environment with typical triggers for migrating to a new target operating model, including:
- Major Transactions – M&A, divestitures and carve-outs
- Reporting Inefficiencies – Slow/Inconsistent FP&A, data issues
- Escalating Costs – Increasing overhead or administrative costs
- New Systems – Integration of new ERP, Corporate Performance Management, or other enabling technologies, shift to automated processes
- Ineffective processes – Manual and inefficient processes, redundant activities and rework
- New CEO or CFO – Bringing a transformation charter and driving for increased organizational effectiveness at a lower cost
- Public Readiness – IPO preparedness, regulatory and reporting requirements
Organizations can leverage these challenges as opportunities to reevaluate their target operating model, the foundational blueprint that describes how the finance organization should deliver value by connecting the strategic vision of the business with its underlying services and capabilities.
Defining a new future state target operating model can help leaders create a more agile, efficient, and effective organization, enabling businesses to be more proactive than reactive to unexpected disruptions or strategic growth.
Redefining Your Target Operating Model
MorganFranklin’s Strategic Transformation & Program Execution services brings seasoned perspective, hands-on execution, program expertise, and scalable resources to target operating model initiatives. We work directly with finance stakeholders to collect data, assess the current state of in-scope processes, design the ideal future state, develop recommendations, prioritize initiatives, and build your business case for change. We will then be there to help support you with your transformation program delivery and implementation.
- Phase 1 – Root Cause Analysis, Conceptual Design and Roadmap
- Phase 2 – Alignment, Planning and Detailed Design
- Phase 3 – Implementation