Applying lean methods to the finance function
Course level: Specialist
Delegates
Finance directors and CFOs, financial controllers and accountants who are involved in sponsoring, planning and delivering finance transformation projects and continuous improvement in finance.
Course Content
- Introduction to lean and six sigma and the concepts underpinning them.
- How to identify what finance customers want and link that directly into the process design and performance measures.
- The concept of waste and how it applies to the work that the finance function performs.
- Methods to eliminate error and control risk in processes.
- Methods to reduce the time taken to complete processes especially the close process.
- Methods to establish demand-pull processes and thereby improve their supervision, reduce work in process and eliminate backlogs.
- Methods to minimise process complexity and thereby reduce error and improve turnaround times and control.
- The design of lean projects to ensure rapid, on-time delivery of project deliverables.
Learning outcomes include obtaining a greater understanding of:
- The benefits to be gained by using lean and six sigma methodologies.
- How to apply lean to the finance function.
- How to use the core lean tools to deliver quicker, better and cheaper finance processes.
- How to design and do lean projects that deliver benefits quickly.
A CPD certificate of completion will be provided by BPP Professional Education Limited upon successful completion of the online course.
CPD Points: 1
CPD Duration (hours): 1
Access: 12 months from purchase date
