Addressing today’s financial management challenges and priorities

CFOs, controllers, and other finance executives face many challenges as their roles evolve and expand in an increasingly complex, uncertain, and fast-changing business environment.

Among these challenges are:

  • Defining and dynamically aligning the financial and business strategies of their organizations
  • Accommodating frequent business and operating model changes
  • Ensuring standardized and timely reporting practices
  • Responding effectively to evolving regulatory and compliance requirements
  • Using technology and enterprise data to drive sustainable and scalable transformation
  • Equipping the financial management workforce to meet modern needs, including achieving the right balance of people with financial skills and those with operational skills
  • Assuming responsibility for ESG strategies, compliance, and reporting
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 At the same time, financial management leaders must meet current priorities while building for the future. According to the latest CGI Voice of Our Clients research, CFOs view improving the customer experience, collaboration, and talent as their top business priorities while advanced analytics and platform solutions are their top innovation investments over the next three years.

Leveraging the power of data-driven insights and innovative technology

Our CFO Advisory Services help financial management leaders address critical challenges, meet pressing priorities, and drive their organizations sustainably forward. We do this through in-depth industry expertise, data-driven insights, innovative technologies, and more.

Key services include:

  • CFO Roadmap and Strategy: Partner with the CFO to drive alignment with the organization’s strategic objectives, develop a tailored, five-year CFO strategic roadmap, conduct a financial management maturity assessment
  • Regulatory Compliance, Risk and Audit Remediation: Improve internal controls and financial business processes, assess and implement findings from internal and independent audits, perform risk assessments, develop and implement corrective action plans
  • Financial Analytics: Automate financial reporting between financial and information systems, conduct performance management reporting, implement analytical tools and automation, including robotic process automation and artificial intelligence

 

  

Consultants discussing CFO Advisory Services
  • Operational Improvement: Conduct a budget formulation and planning assessment, implement automation and workflow analysis, provide technology and back-office modernization recommendations, develop an intelligent automation and data analytics strategy
  • Financial Reporting Services: Assess processes and challenges hindering compliance and reporting, implement and/or improve ESG data collection and reporting, enhance financial analysis and fact-based business decision-making, ensure consolidated and detailed reporting, implement Enterprise Performance Management Board

Our value-led approach to financial management consulting

We help organizations increase efficiency, transparency, accountability, and access to information through financial management expertise and solutions that meet their unique needs and align to their existing processes.

Our business consultants offer:

  • In-depth understanding of financial practices, policies, processes, systems, and operations
  • Extensive experience through partnerships with more than 500+ global financial management clients
  • End-to-end services and flexible delivery that maximize performance and drive results
Consultants discussing CFO Advisory Services

We offer flexible engagements to meet you where you are—whether you need to refresh your financial management strategy, identify and improve performance gaps, or address specific operational scope areas.

What you can expect

  • Confidently develop and execute your financial management strategy, operating model, and roadmap
  • Visualize and manage increasingly complex, interconnected financial systems and processes
  • Accelerate shared value realization to include value to all stakeholders across the enterprise
  • Empower financial management professionals within the organization to become strategists and innovators
  • Ensure open collaboration, reduce complexity, and improve trust, transparency, and communication

Cases in point

CGI business consultants collaborate with industry leaders to help them overcome the challenges they face. Here are examples of proven use cases where CGI has supported clients and their journeys from strategy, to operating model, to delivery of results.

Modernization of core financial management system and processes for large government agency
Digitization of financial controls for leading communications company
  • Use of emerging technologies (enterprise performance management, data preparation, data visualization, robotic process automation, etc.) to digitize the entire finance function
  • Optimized processes enabling better data access and improved sharing of results for 450+ controllers, along with shorter, more agile, and streamlined reporting and budgeting cycles
Support for critical financial management activities at U.S. federal agency
  • Implementation of key business processes, support for daily financial operations and transactional processing, and planning/execution of financial management and system training
  • Process automation significantly reduced dependency on manual processes, shortened time required to reconcile and resolve accounting differences, and decreased risk of reporting errors
Automated process controls for major European aeronautics firm
  • Deployment of 17 critical points of control and 45 legal entities across 14 countries
  • Increased financial transaction security, faster audit processes, greater traceability and transparency

By connecting strategy to execution and bridging competing imperatives, we help clients think boldly and act pragmatically through our business consulting services.

Learn how we combine decades of consulting experience and a deep understanding of our clients’ operations with best practices, tools, and frameworks to accelerate results.

Read our blog for related insights
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