Three Pillars for growing finance teams

Understand the opportunities to scale your finance team through our comprehensive assessment.

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How do you characterise
your finance department?

OLD WAYS

  • Time consuming data entry
  • Bespoke & manual processes
  • Siloed financial operations
  • Resource heavy finance teams
  • Excel heavy month end process
  • Time consuming reconciliations
  • Reactive thinking
  • Disjointed & disparate setup

NEW WAYS

  • Automated workflows
  • Streamline and standardised processes
  • Collaborative financial operations
  • Tech enabled finance teams
  • Streamlined & automated reporting
  • Efficient & automated reconciliations
  • Proactive approach
  • Streamlined and scaleable systems, process & people

Why Dexterous

We believe 3 key pillars form the bedrock of the finance department

People

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The DNA of every business. Our experienced HR & Finance professionals analyse your current workforce providing invaluable insight that will drive the success of your operations.

Process

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We streamline proven processes and mitigate or remove manual ones that accumulate as a business grows. We all have them, and here, we shine a light on time lost due to manual processes.

Technology

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Leverage emerging technology to optimize your financial performance and reduce labour intensive tasks increasing accuracy and timeliness whilst providing better insight into business performance.

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People

We gain a granular understanding of your current workforce.

Through our thought provoking approach we identify the ability of your workforce to scale with your business, the alignment of their current roles to job descriptions and the level of engagement and desire to grow with your business.

Staff operating at the right level increases engagement and thus increases the performance of the finance department.

Typical questions we would ask include:

  • Do they have a growth mindset or a fixed mindset?
  • Are they advocates for change within the finance function or creatures of habit?
  • Do they have the right skill set for the role or have they grown with the business and the role has now outgrown them?
  • Are they operating at the right level?
  • Can they take on more value-add tasks?
  • Do you have any key person risk?

Processes

We identify and understand your current workflows.

In any business, as scale and growth are achieved there is a need to do more work. The increase in work generates a requirement for more processes and procedures to provide clarity and consistency. Systems are adopted to reduce the manual work however systems generally only get you 80% of the way.

This pillar aims to refine your processes, questioning the existence of some and removing and mitigating others to ensure remaining processes are streamlined, effective and scaleable.

Typical questions we would ask include:

  • How quickly does information get processed?
  • How responsive are the team to internal request i.e how easy is it to extract information?
  • How many manual or bespoke processes are there?
  • How much Excel work is performed?
  • Are your processes scaleable?
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Technology

We understand your technology stack.

Technology is evolving and we analyse your tech stack into off-the-shelf technology or custom-built / bespoke technologies.

We ensure you are leveraging off-the-shelf technology to maximise your ROI. However, where you have a sufficient amount of manual work due to insufficient systems or growing pains, we then assess the use of more custom solutions leveraging AI and or RPA (robotic process automation).

Typical questions we would ask include:

  • Are the systems today scaleable?
  • Are the systems being used to their full potential?
  • What are your future system requirements?
  • Can the introduction of new systems remove manual processes increasing efficiency and timeliness of information?
  • What is the business appetite to invest in new systems?

Our Program

Our 60-day program aims to help businesses identify where the opportunities are to create a more engaged, high performing and scaleable finance department.

During the 60 days, the business can expect to walk away with quick wins to move their dial on performance and increase the accuracy and timeliness of financial information.

After 60 days the business has the knowledge and the know how to create a scaleable finance department.

Our program can be shortened and more targeted however we believe to attain the best results, the programs run over 60 days to ensure we can comprehensively work through the 3 key pillars whilst ensuring we have the time to engage with key stakeholders internally.

Your Requirement

The process is straightforward but requires dedication and a strategic mindset. It involves shifting from traditional financial management practices to embracing automation and advanced analytics to scale.

However, it will require significantly less effort compared to managing these processes manually.

Our system is designed to eliminate guesswork, utilising proven methods and best practices to optimise your finance function. We have validated our approach through extensive experience, ensuring that every dollar is managed effectively to achieve the best possible outcomes.

We look forward to partnering with you on this journey towards financial excellence.

Why Dexterous

Dexterous has over 20+ years of experience in the following key technical areas

PEOPLEPROCESSTECHNOLOGYHuman ResourceInformationTechnologyFinance3PillarsProgram

Finance

  • CFO Advisory through to Bookkeeping
  • We know what leading practice looks like and more importantly, what it doesnt.

HR Advisory

  • Strategic Advisory through to more administrative requirements
    • Recruitment, contracts and
    • Implementation of policies and procedures to assist in scaling businesses

Technology

  • General Automation right through to AI and how to work with AI in the future
  • We believe in the power of technology to scale and propel businesses to greater heights