Strategic Planning 2.0

Transforming a Finance Function into a Strategic Business Partner —or Making Strategic Planning Great Again

Strategic Challenge

A global diversified bank encountered major process efficiency issues across its strategic planning value chain; notably with a 90/10 “data processing” (90) vs. “value-added analytics” (10) activities breakdown.

Approach

We performed a capability assessment encompassing all planning, budgeting, and forecasting activities.
On that basis, we defined and instilled the vision of “Strategic Planning Function as Business Partner”.
We redesigned the processes, organization, and governance.
Finally, we implemented the change and designed a major upskilling program in line with the transformation ambitions.

Impact

Operational: Client achieved 30% process efficiency gains, a 5X resources allocation on analytics.
Functional: Clear governance accountabilities & upskilled workforce.
Strategic: Enhanced C-Suite & Board strategic debate.