Course Details

This course is appropriate for a wide range of professionals but not limited to:

• Accounting Managers and Specialists
• Finance Business Process Owners
• Internal Auditors and Compliance Officers
• Shared Services and Transactional Staff
• CFOs and Finance Directors overseeing transformation

• Expert-led sessions with dynamic visual aids
• Comprehensive course manual to support practical application and reinforcement
• Interactive discussions addressing participants’ real-world projects and challenges
• Insightful case studies and proven best practices to enhance learning

By the end of this course, participants should be able to:

• Identify and eliminate bottlenecks in the Procure-to-Pay (P2P) and Order-to-Cash (O2C) cycles successfully.
• Utilize technology (RPA, AI) to automate routine accounting tasks and improve data accuracy reliably.
• Design a fast and accurate month-end and year-end close process using modern best practices effectively.
• Implement key performance indicators (KPIs) to continuously measure and monitor finance department efficiency competently.
• Strengthen internal controls across the General Ledger and reporting processes proactively.
• Optimize the financial reporting process to deliver timely and insightful information to management accurately.

DAY 1

Foundation of Operational Efficiency and Process Mapping

• Welcome and Introduction
• Pre-test
• Defining efficiency and value in the modern finance function
• Introduction to Lean Six Sigma principles for finance operations
• Process mapping and identifying bottlenecks in core cycles
• Documenting and standardizing key finance processes (P&P)
• Case Study

DAY 2

Streamlining Transactional Cycles

• Optimizing the Procure-to-Pay (P2P) Cycle
• Best practices for efficient Accounts Payable processing and vendor management
• Implementing controls for invoice processing and expense reporting
• Streamlining the Order-to-Cash (O2C) Cycle
• Improving credit and collections management to reduce DSO
• Managing fixed asset additions and disposals efficiently

DAY 3

 Mastering the Fast Close and General Ledger

• Best practices for reducing the Financial Close Cycle Time
• Implementing a disciplined close calendar and checklist
• Optimizing General Ledger (GL) reconciliation and review processes
• Automated vs. Manual Journal Entries and control points
• Intercompany and consolidation process efficiency
• Managing accruals, deferrals, and suspense accounts effectively

DAY 4

Technology, Automation, and Internal Controls

• Leveraging ERP Systems for Operational Excellence
• Introduction to Robotics Process Automation (RPA) in finance
• Implementing Automated workflow and digital documentation solutions
• Designing process-level internal controls and mitigating risks
• Importance of segregation of duties (SoD) in a highly automated environment
• Managing data governance and data quality standards

DAY 5

Performance Measurement and Continuous Improvement

• Developing and tracking Finance and Accounting KPIs
• Metrics for measuring cost of finance, cycle time, and forecast accuracy
• Implementing a continuous improvement (CI) framework and change management
• The role of outsourcing and shared services in scaling operations
• Group Workshop
• Post-test
• Certificate ceremony