Why should you adopt Agile Finance? 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.
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.
Understand basic concepts of Agile Finance
Understand why organizations are ‘going Agile’ and the implications for the financial departments
Gain practical tools and evidence-based methods to start applying Agile finance to your own work.
Co-create a great and enlightening employee experience using Agile finance
Finance techniques and design thinking.
Encourage professionals from the financial departments to welcome change and adapt in the context of the changes which constantly appear in the financial business environment
Reshape the way in which the financial department is structured
Redefining the way in which budgeting and cost management are handled, focusing on Agile values
Changing the perspective upon the activity in the accounting and procurement fields, based on an Agile mindset
Finance professionals
Procurement professionals
Business managers
Accountants
2 days
Finance professionals
Procurement professionals
Business managers
Accountants
Finance with an Agile Mindset
Why Agile 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 implementing Agile 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 Finance 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
We created a personalized delivery strategy by offering blended learning
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Interactive online trainings and live webinars available.
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Available anywhere and anytime, on your phone, computer or tablet.
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Yes. We offer training consultancy and we establish the most appropriate courses according to the specific needs and business objectives of your company.
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