Expertise: Consulting > Business process mapping
Visualise and align your processes to enhance efficiency
Business process mapping
Business process mapping is the visual documentation and assessment of activities and steps required in order to fulfil a task, process or series of tasks that come together to create a well-functioning finance function.
You may have a lack of visibility on your team’s workload, be overly reliant on repetitive manual tasks or have built up error prone processes over time. If this sounds like your organisation, business process mapping will have a tangible impact.
Whether it is in preparation for IPO, to improve cost saving or simply to speed up month end close, VantagePoint can lead you on the journey to enhance visibility of your finance function with a best-in-class process evaluation that gives you the insight you need to grow.
How it works
Understanding your overarching goals and aligning the project team.
Understand existing processes
In-depth review and best-in-class visual documentation of all your finance processes.
Highlight risks and opportunities
A comprehensive analysis of your processes and the key opportunities highlighted.
Step 1: Align key objectives
Our first step for any project is to gain clarity on the key business drivers for a business process mapping exercise.
Our consultants will then understand the level of detail and scope necessary in order to meet those objectives; level one being a basic analysis through to level four where we conduct an in-depth analysis.
Once this is understood, our consultants will align the project team on these objectives and develop a delivery timeline.
Step 2: Understand existing processes
Our expert consultants will conduct interviews with all stakeholders to understand every step and activity involved.
Interviews and research will be translated into logical visuals and process diagrams.
Step 3: Highlight risks and opportunities
Our team of consultants will present the final documented process maps and evaluate the risks and opportunities highlighted by the exercise.
This will provide you with a clarity around the risks and opportunities present in your existing process. Off the back of this exercise, our team will leave you with clear recommendations for improvement including the cost and time implications associated with those options.
Benefits of a business process mapping with VantagePoint
- Highlight opportunities for streamlining
- Cut costs caused by overly manual processes
- Improve auditability
- Standardise performance
- Identify and mitigate risks
- Futureproof your processes.
Accelerant - Head of FP&A
"There's a lot of experience within the business.
VantagePoint's ability to roll their sleeves up and get stuck in and help out, has been much more significant than I've experienced before. Their willingness to provide a viable solution has been strong."