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Agile Finance

Agile Finance

Category: Agile & Lean

Description

When organizations adopt agile approaches enterprise-wide, one of the most common challenges is changing the way finance and accounting functions operate. In the traditional world, financial planning most often occurs annually, with budgets allocated in advance and success measured in relation to budgets. In today’s complex business environment, this no longer works and new approaches are needed. While continuing to emphasize wise spending and compliance with regulations, these new approaches also enable adaptation and rapid response to the changing circumstances in the business ecosystem. Success today is about sustainable delivery of customer value, while also empowering the people who are closest to the work to make good decisions. These decisions include responsible stewardship of the organization’s funds. This means approaching finance, accounting, and procurement with an agile mindset, radically changing the way budgeting and cost allocation is undertaken, reexamining our accounting principles and taking more collaborative and incremental approaches to procurement.

Audience

Finance professionals

C-level

Procurement professionals

Business managers

Accountants

Duration

2 days

Requirements

Open-minded persons

Curriculum

Finance with an Agile Mindset

Why Agile in Finance?

The Motivation for Change

Agility in a Nutshell

Financial Reporting in Agile Organizations

Adapting Finance to Agile Organisation

How Traditional Financial Approaches Challenge Enterprise Agility

Approaches for Agility in Finance

Changes in Role and Perception

Primary Changes in Financial Roles

New Competencies and Skills Needed

Agile Finance and the Business Ecosystem

Dilemmas and Different Perspectives

Challenging Silos and Misalignment Isolated

Creating Partnerships

Building Trust in Financial Contexts

Agile Collaboration Models

Distributed Teams

Budgeting and Cost management

The Imperative to change Budgeting and Cost Management

Revisiting the Purpose of Budgeting

Influence of Goals on the System

Influence of Goals on Human Behavior

Frequency of the Budgeting Cycle

Budgeting and Cost Management for Agility

Shifting from Fixed Budgets to Incremental

Adopting Continuous Financing

Targets, Forecasts, and Resource allocation

Effective Financial Targeting

Effective Financial Forecasting

Effective Resource Allocation

Budgeting to Create Customer value

Comparing Funding Approaches

Value Management vs. Cost Management

Budgeting across the Product lifecycle

Product Lifecycle Considerations

Early Lifecycle Financing for Exploration

Late Lifecycle Financing for Exploitation

Empowering teams to manage finances

Ownership and Product Budget

Trust and Transparency

Moving Funds as Needed

What’s different about Accounting

Agility and Finance Compliance

Accounting with an Agile Mindset

Agile Processes and Compliance

Authority & Regulation

Agile Principles and Accounting Ethics

Moving from Accounting Rules to Accounting Principles

Agile Accounting Metrics

Cost of Delay

Cost of Quality and Non-Conformance

Forecasting Future Value

Accounting for Agile Initiatives

CapEx vs. OpEx

Capitalizing Development Tools

Iterative vs. Flow-based Allocation

Agile Procurement

Overcoming Traditional Procurement Challenges

Challenges of Traditional Procurement

Agile Approaches to Procurement

Agile Tools for Procurement

Partnership Ecosystems

Agile Contracts

New Contract Models

Mutually Beneficial Contracts

Incentives over Penalties

Key Performance Indicators (KPIs)

Contract Feedback Mechanisms

Legal Considerations

Classes

City Date Duration Language Format Early Price Exp Date Price Early bird Price Regular GTR

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Our Delivery

on site delivery

Online or On-site de

We created a personalized delivery strategy by offering blended learning

communities of practice

Communities of practice

Find a bunch of people who are on the same page with you.

engaging

Engaging

Engaging platform with gamification for collaboration and friendly competition.

interactive

Interactive

Interactive online trainings and live webinars available.

efficient

Efficient

A special learning environment can boost learning efficiency.

accesible

Accessible

Available anywhere and anytime, on your phone, computer or tablet.

Q&A

  • Can you customize courses to suit our particular requirements? Yes, of course. We offer training consultancy and we establish the most appropriate solution according to the specific needs and business objectives of your company. Contact us and we’ll find the best training solution for you.
  • Can individuals use your services or they are organized for companies?Yes, we organise open courses which can be accessed by individuals. Whether you are looking for an IT or a Business training, you can find it at Brain Concert. Moreover, you’ll meet people from the same area of work as you and we can create communities of practice, where you can share professional tips and tricks and best practices.
  • What types of trainings are available for my company? We offer a variety of courses: in the IT area, there are Agile & Lean Courses, Software Development Courses, QA Courses, Software Administration Courses and Security Courses. We also offer Business Courses, focused on the development of soft skills. Define your objectives and choose the most appropriate training for you or your company.
  • What should I know before choosing a training? You should know that we offer courses for everyone, but you have to choose according to some criteria. First, define your objectives, then, the level of the participants (basic, advanced). There are courses with some requirements attached because the participants of a training session must form a compact group in terms of their previous knowledge so that they and the trainers are on the same page.
  • What is the minimum number of participants if we want in-house training? The minimum number of participants for an in-house depends on the course type. Please contact us to establish these details.
  • Can you organize virtual training sessions or only face to face trainings? Yes, you can choose an online or an offline training session. We use Knolyx, an e-learning platform to make the process of online training delivery as efficient as a face to face training session.