FINANCIAL MANAGEMENT

TAKING THE RISK OUT OF SPREADSHEETS

DATA MODELLING

EVERYDAY CHALLENGES

  • Lack of modelling expertise
  • Don’t have a single version of the truth
  • Multiple workbooks/ databases in the business
  • Inefficient modelling processes
  • Complex spreadsheets creating over-reliance on owners
  • Advances in technology outpacing your environment

 

THE ADEPT ADVISORY SOLUTION

This offering is part of Adept’s wider Financial Management Solution that leverages our best practice of User Defined Application Risk Services and Finance Support. Adept provides experienced finance and data modelling professionals, through the application of our proprietary User Defined Application Risk Services approach, to help improve data integrity, usability, maintenance, self-sustainability and transparency. Our Financial Data Modelling team, who are application agnostic, can assist with:

  • Building, rebuilding, remediating and optimising functional structures of complex models
  • Designing and implementing sustainable control environments
  • End-user training

These models typically represent the performance of:

  • Financial assets
  • Portfolio of projects or any other investments
  • Pricing and evaluation

 

OUR DELIVERABLES

Our deliverables include:

    • Financial data models
      • Assessed for the most optimal and cost-effective solution
      • Development of models to optimize and automate decision making
      • Checks and  balances to ensure integrity of data
      • Minimize dependencies

 

SUSTAINABLE BENEFITS FOR YOUR ORGANIZATION

    • Improved consistency and reliability of information
    • Enhanced effectiveness efficiencies
    • Improved data integrity
    • Detection of unknown errors
    • Better decision making
END-USER DEFINED APPLICATION RISK

EVERYDAY CHALLENGES

Critical analysis in your business is often performed, and important data stored, in uncontrolled environments defined by users (e.g. spreadsheets).

Ensuring accuracy and integrity of this data is challenging:

  • Regulatory requirements for data
  • Inefficient processes are slowing down your business
  • Complex spreadsheets create over-reliance on the owners
  • Data volume is rapidly growing
  • Advances in technology outpace your environment

 

OUR SOLUTION

Adept Advisory’s User Defines Application risk (UDAR) services take a systematic approach to improving integrity and accuracy.

Our experienced team can:

Asses financial and operational risks associated with spreadsheets
Mitigate these risks through error detection and prevention
Remediate and optimise functional structures of complex spreadsheets
Train users
Design and implement a sustainable control environment

OUR DELIVERABLES

  • Inventory of user defined Applications (UDAs)
  • Risk Assessment of an individual or group of UDAs
  • Control & Management
    –  
    Control framework
    –  
    Best practice blueprint
    –  
    Policy review
    –  
    Data management assessment
    –  
    Sustainability review
    –  
    Training
  • Remediation & Optimization
    –  
    Process review
    –  
    Rebuild or remediation of workbooks or databases

 

SUSTAINABLE BENEFITS FOR YOUR ORGANIZATION

  • Improved data integrity
  • Sustainable control framework
  • Process efficiencies
  • Reduced reliance on key personnel
  • Detection of unknown errors
  • Improved employee morale
  • Cost-effective alternative solution to major software installation or development
FINANCE SUPPORT

EVERYDAY CHALLENGES

  • Demanding stake holder requirements
  • Resignation of key members of staff
  • Interim finance resourcing pressures
  • Increasing project activity and deadlines
  • Regulatory and policy requirements

 

THE ADEPT ADVISORY SOLUTION

Adept specialises in providing high-calibre, experienced finance staff through various modes of delivery, whether that be through a thought leadership capacity, part of a project solution, or as a tactical response to interim finance pressures.

We render finance expertise at:

  • Strategic level (Finance Executives and broader Transformation Agendas)
  • Operational level (Technical Accounting (IFRS), Financial Management and Business Partnering)
  • Project level: Finance Professionals

Our solution provides a tailored finance offering across all industries.
Our team is appropriately qualified, equipped with experience and has a passion for hands-on support and/or advice.

OUR DELIVERABLES

Our offering includes the following:

  • At the Strategic level
    • Executive support to help steer businesses through challenges
    • Developing and implementing financial policies and procedures
    • Financial reporting at Board and Exco level
    • External audit interaction
    • Business planning, budgeting and forecasting
  • At the Operational level
    • Managing finance teams
    • Management information and reporting
    • Financial analysis
    • Statutory reporting
    • Business partnering
  • At a Project level
    • Leading and managing finance workstreams
    • Business cases, investment appraisals and project finance
  • Subject-matter- expertise

 

SUSTAINABLE BENEFITS FOR YOUR ORGANIZATION

  • Flexible working solutions
  • Enhanced finance function performance levels
  • Retained focus on core business activities
  • Improved stakeholder satisfaction
  • Interim cover of staff vacancies and leave of absence
  • Demonstrable knowledge transfer to staff