Financial departments usually aren’t the most beloved within companies. No one sees what the department is running on a daily basis, the communication with other teams isn’t the most effective and the department is really only noticed when something goes wrong. But, why does this happen?
The answer is easy: your financial department is probably not delivering value for its customers—usually other internal departments. And Identify Value is the first step to implement the Lean methodology, focused on reducing wastes and improving the efficiency of any operation.
Being a Lean Finance department means having a standard for any new purchase or account you have to pay, receiving all information needed for any new request, integrating all back-office processes and automating manual and repetitive tasks.
Do it easier. Do it faster. Do it Lean.
Start being Lean