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 budgetary environment.

Among these challenges are:

  • Inability to operate effectively in functional silos
  • Heavy manual transaction processing workloads
  • Difficulty analyzing and sharing data
  • Challenging internal and external environments with evolving demands and risks
  • Defining and dynamically aligning the financial and business strategies of their organizations
  • 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
  • Assuming responsibility for ESG strategies, compliance, and reporting
close up of hands pointing at financial data on monitor

Leveraging the power of data-driven insights and innovative technology

Consultants discussing financial statements

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 Assessment: an in-depth review of maturity of existing CFO operations and progress toward strategic plan goals, using the CGI Federal Financial Management Maturity Model (FFMMM).
  • CFO Roadmap and Strategy: a customized roadmap to help drive CFO transformation in alignment with the CFO Financial Management Strategic Plan with defined timeframes to achieve milestones.
  • Transformation Implementation Plan: The Transformation Implementation Plan defines the detailed tasks to be performed to realize recommendations contained in the customized CFO roadmap.
  • CFO Stakeholder Organizational Change Management (OCM) Support: OCM support in an important element to achieving success with items included in CFO Advisory Services to increase stakeholder engagement.

Our value-led approach to financial management consulting

Our approach to meeting the professional services needs for CFOs leverages the expertise of the Financial Management and CFO Advisory team from CGI Federal’s Management Consulting Practice.

A key output of this overall effort will be to increase the resilience of the CFO function using key operational pillars including:

  • People: Stakeholders require that CFO staff continuously develop new skills and capabilities to support new tools and technologies, needed to enable the evolution of the CFO’s role.
  • Process: Strong and mature business processes provide the foundation a CFO Team needs to be efficient and effective.
  • Technology: Implementing the right technology in conjunction with other transformation initiatives will serve as an accelerator to achieving mission performance outcomes.

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.

Three colleagues working agile at a computer

What you can expect

  • Confidently develop and execute your financial management strategy, operating model, and roadmap
  • Access to CGI Federal’s CFO Advisory Team consisting of established industry leaders.
  • Raised profile for the CFO organization, both internally and externally.
  • CFO becomes a strategic partner to the  executives responsible for mission delivery
  • Optimized staffing models that enable accountants and subject matter experts to focus on strategic initiatives instead of transactional processes

Read to learn more about our CFO advisory services.  

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

Business analysis and business process redesign, implementation of a new financial system along with business intelligence tools for financial reporting, day-to-day program management, and strategic leadership and advisory support

Improved strategic and daily decision-making for CFO and other senior leadership through enhanced financial management data analytics, improved data management, automated data reconciliation, and consolidated financial statements

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

 

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