Finance and Accounting Transformation

For the typical retailer, routine financial and retail accounting tasks still make up about 80% of finance work, a ratio unchanged since the 1990s despite enormous investments in ERP software. As a result, many retailers' finance and accounting functions present significant opportunities for increasing efficiency and reducing costs - and for freeing up finance personnel from administrative paperwork processing to instead help executives manage risk and make far better operational decisions.

Our Finance & Accounting Transformation practice supports retail CFOs and their teams to minimize the distraction of transaction processing and administrative work, so that they can focus on being value-added business partners. We analyze the key policies, processes, productivity, organization structure and roles in accounting operations, including transactional-based processes such as payables, payroll, receivables, sales audit, inventory control, banking and general accounting.

Click here to view our Finance and Accounting Transformation case studies.

Karabus Management has developed a proprietary benchmark product specifically for retail CFOs to measure performance of key financial processes. These benchmarks help CFOs measure the efficiency and effectiveness of their financial processes. We identify and quantify areas for improvement, which enable CFOs to prioritize initiatives for improvement.

To date, more than 24 leading retail chains have participated in our benchmark initiative. (Link to press release and references)

Click here for more information or to participate in the Karabus Finance Benchmark.