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ACCA Strategic Professional · Strategic Business Leader · Finance transformation

Zentra Foods has a finance team of 40 staff who spend most of the month on transaction processing, reconciliations and manual journals. The new CFO wants the function to spend more time on forecasting, business partnering and decision support. Which finance transformation move best addresses this aim directly?

Automating routine transactional processes, such as with robotic process automation, is the best move because it releases finance staff time from low-value processing so they can devote it to forecasting, business partnering and decision support, which is the core aim of finance transformation.

  1. AAutomating routine transactional processes, for example through robotic process automation, to release capacity for analysisCorrect
  2. BIncreasing the number of manual review stages so errors are reduced before the month-end close
  3. CReducing the finance team's contact with operating managers to protect time for processing
  4. DMoving all reporting to annual rather than monthly cycles

Explanation

Finance transformation aims to shift effort from low-value transaction processing to value-adding analysis and partnering. Automating routine work frees capacity. Adding manual reviews or reducing contact with managers would increase processing burden or weaken partnering.

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