Finance Transformation

From business case and operating model design to process development and optimisation. Covering all finance functions and processes.

Whether your finance transformation is strategy and capability improvement without a technology element, primarily an ICT platform renewal, or anything in between – we are your trusted partner from target setting, through the execution phases, and to expected outcome; with renewed finance processes and ways of working.  

We help our clients to renew their finance operating models to establish optimal financial services. We can support finance end-to-end process development (order-to-cash, procure-to-pay and record-to-report) or focus on specific process points like invoicing, budgeting, asset management or financial consolidation.  

We work with different industries and equally fluently with international corporates, locally operating companies and start-ups or growth companies. 

Our Finance Transformation service in brief

  • One of Finland’s largest pools of finance transformation experts.

  • Currently over 20 ongoing projects with a strong focus on finance transformation.

  • Highly experienced, technology and vendor agnostic, independent service provider. 

  • Trusted, hands-on client partner, through the whole transformation journey. 

  • See also: ERP Transformation

Midagon’s typical roles in finance transformations   

  • Finance experts and functional leads for different areas, such as: order-to-cash, procure-to-pay, business controlling, reporting and analytics, integrated business planning, M&A integrations, finance model deployments etc. 

  • Finance experts with tech and data knowhow, e.g., architecture, data migration, integrations, testing, cutover and solution deployment.

  • In addition to ERP solutions, our finance experts have wide knowledge and a broad skillset on other finance process specific solutions, e.g., P2P, RPA, reporting, integrated business planning. 

  • See also: Program and Project Management

  • See also: ERP Transformation

Your trusted partner from strategy through the implementation phases 

Financial strategy and operating model. Based on your business strategy, we help you to define your finance strategy and operating model. Changes in the operating model will impact people, processes, technology, and data – all or at least some of them. We provide support in identifying the change impact and making the actual, concrete change plan for your finance transformation.  

Development of financial services. If your ongoing operations are not performing as expected, we help you to identify the root causes and resolve the issues. Technology is usually not the only reason for challenges. Instead, they are caused by a combination of organisational, process and technical issues.  

Finance expertise. With our expertise on finance operations and services, including business controlling, we help you to gather the requirements and define the required process concepts and technical architecture. In case the transformation involves solution or service providers, we provide support in evaluating the candidates and selecting the right ones. We can help you to make the right vendor strategy and selection, insourcing or outsourcing decisions, run competitive bidding efficiently and succeed in contract negotiations. During the execution, we actively manage vendors and protect our client's interests. 

Business case with execution plan. Along with the conceptual and planning work, we develop a structured transformation plan that enables efficient execution. We ensure that the business case is validated and actively managed throughout the transformation journey. We are often responsible or co-responsible for setting up the program management office to oversee the transformation. When the execution starts, we help you to lead and manage the transformation according to a suitable implementation methodology. We suggest best practices from our methodology and continuously focus on business benefits realisation.  

Deployment and change leadership. During the execution and deployment of new models and solutions, we ensure that the right leadership and management are in place. In addition to traditional program management discipline, we provide support in program communication and change management. Managing the motivation and commitment of everyone affected is essential for succeeding in finance transformation. 

Finance Transformation

Finance strategy and operating model 

  • Finance operations centralisation 

  • Finance operations outsourcing 

  • Finance operations insourcing 

  • Finance organisation structure and capabilities 

Finance core

  • Order to Cash 

  • Procure to Pay 

  • Record to Report 

  • Optimisation and digitalisation

Financial planning

  • Integrated business planning 

  • Business controlling 

  • Reporting and analytics 

Financial management  

  • Budgeting 

  • Investment and asset management 

  • Reporting and analytics 

Contact for more information

Paula Aaltonen

Director, Core Processes and Solutions

+358 40 844 0076

Minna Matikainen

Senior Managing Consultant, Finance Community Lead

+358 46 9222 577