Multi-State Energy Company

Finance Transformation

Finance Transformation

Background

The breadth of the Finance transformation effort meant that multiple projects were in motion simultaneously.  Navigator was engaged at both a detail activity level and at a program management level to ensure that this energy company had a program-level view of the transformation effort as a whole that could be reviewed monthly with the Finance Executive Committee. 

Approach

Navigator was involved in various program streams, including Financial Planning Process Reengineering, Internal Executive Reporting Reengineering, Financial Planning / Accounting Consolidation Tool Assessment and Roadmap, Organizational Change and Communication, Strategic Planning Model Improvements, and Analysis of Capital Asset Process and Systems (CAPS).

Results

Navigator supported this organization's finance vision to have a keen insight into their financial position at all times. Some of the business outcomes achieved included:

  • Cycle-time reduction
  • Non-value added waste elimination
  • Business unit process standardization
  • Reduction in the amount of executive time spent on program communications by as much as 75%
  • Identification of 12 material shortfalls in corporate Strategic Planning Model (SPM) capabilities, resulting in the elimination of several redundant processes to create SPMs within the business units
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Navigator Management Partners
Navigator Management Partners was founded in 2001 to offer organizations a different kind of management and technology consulting partner. Our team is comprised of top-performing consultants with years of experience in solving business challenges by implementing information technology and management solutions, including Strategy, Program / Project Management, Organizational Change Management, Business Intelligence, Business Analysis and Process Design, Testing and Deployment, Solution Architecture, and Software Solution Selection, including cutting-edge, cloud-based solutions. Through collaborative partnership, we advise clients on solving tough business challenges in ways that improve operational performance and drive sustainable results.

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