Optimizing Your Business For Higher Performance

By M. Isi Eromosele


The marketplace imperatives facing companies today has evolved with volatility, brand visibility and value at the forefront. Global economic uncertainty is driving the need to find smarter and more insightful ways to address risk and position organizations for future growth. Optimization of critical aspects of business such as product flows, development cycles, information distribution and utilization, capital structure and corporate strategy planning will help companies create the specific capabilities needed to make their business strategies succeed. The goal would be to drive excellence throughout the organization, improve efficiency and sustainability and optimize the way the business works. This optimization process would help companies build lean operational models that drive business value, effectively manage risks and exploit opportunities.


Financial Management


In an uncertain global business environment, financial rigor is as important as operational excellence. For true business transformation to be successful, finance must be an integral part of business strategy implementation, taking into account everything from performance to compliance and risk management. Optimizing your financial practices can translate into greater operational efficiency, improved transparency and faster decision making processes. With the implementation of a finance transformation strategy and operational improvement optimization, you can manage your cash with treasury management precision.


A key area of tighter financial management is the achievement of commonality across your data and your processes. You can reach this goal with key planning and accountability activities, enabling you to gain a clearer view of your finances by embedding Extensible Business Reporting Language into your processes.


Risk And Compliance Management


As a result of increased economic volatility, unprecedented security concerns and stricter global regulations, business operational risk is on the rise. Companies of all sizes are struggling to identify, assess and manage risk, even as they try to minimize its effect of their businesses.


Risk needs to be understood in order to be well managed. Companies need to better evaluate and manage both financial crime and operational risk, as well as define and implement a risk management strategy. They can also target specific regulatory mandates with risk modeling and capital management activities.


Better governance, oversight and compliance can be achieved through data-driven solutions, such as leveraging standard business systems controls by integrating them into your processes to ensure predictable, optimized outcomes in application security and data integrity.


Organizational Change Management


In an age of intense global business competitiveness, major corporate transformation and growing organizational complexity, change is inevitable and continuous. Businesses need to carefully prepare for the change associated with a constantly evolving global marketplace by addressing the very important issue of proper redesign of organizational structures. Organizational redesign aligns the reality of business structure with new strategies to clarify work roles and responsibilities, establish governance and drive behavior that supports positive business results.


This ensures that your company is able to proactively and systematically address the impact of transformation, ensuring that those affected, understand, accept and commit to its success.


In a world growing more complex and interconnected, your advantage rest on the new possibilities most relevant to your strategic priorities and ways of doing business.


 

M. Isi Eromosele is the President | Chief Executive Officer | Executive Creative Director of Oseme Group - Oseme Creative | Oseme Consulting | Oseme Finance


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