Rely on Us for Consulting & Advisory Support

Our finance department diagnostic assessment identifies opportunities for your finance organization to increase its effectiveness, efficiency, and to provide better support of the company’s operations. We evaluate your existing staffing structure and capabilities, processes, and the related technology environment and identify opportunities for improving your process efficiency and quality through process redesign and effective use of technology based on proven best practices employed by other similar organizations.

We will identify opportunities to:

• Streamline business processes to reduce costs and improve operational efficiency
• Strengthen internal controls and reduce risk
• Leverage existing technology solution or recommend solutions that will enhance finance department efficiency and controls
• Reduce or eliminate non- value added activities

Cordia professionals will work with you to implement solutions identified during our finance department diagnostic assessment that will standardize, simplify, and create efficient back-office operations. Beyond process improvement, Cordia focuses on future state operating models to ensure that the right back office resources, processes, and technology are deployed to support your current and future operational needs.

The Cordia approach to performance improvement:

• Business-driven – focused on aligning technology and process with the desired business outcomes, both current and future state, while creating efficiencies and reducing cost
• Focused on outcomes – delivering quick wins and delivering measurable results to the bottom line
• Industry-specific – rooted in best practices to improve competitive advantage in your industry, including government contractors, non-profit, and commercial services firms
• Mitigate risks – understanding the role of process and controls in reducing overall risk while driving transparency for key business stakeholders

A primary responsibility of management is to ensure that the organization is accountable for its finances to stockholders, members, the public, and government regulators. Cordia can assist organizations in establishing documentation of policies and procedures and supporting internal controls, including:

• Process flowchart documentation
• Written desk procedures detailing specific job responsibilities of finance department personnel
• Documentation of key internal controls and control points
• Policy and procedure manuals

Accurate financial statements are a minimum requirement for monitoring the results of operations, financial position and cash flows. But running your business based on financial statements alone means you may not have enough information about what has happened or why. More importantly, they can’t tell you where you’re going. A strong financial planning and analysis (FP&A) capability is critical for decision-making at all levels of your organization.

Our Cordia consultants can help you transform information into knowledge, and knowledge into actionable insights. Cordia FP&A services include:

• Forecasting
• Budgeting and Planning
• Reporting
• Variance Analysis
• Decision Support