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Lean Thinking in Finance - Finance Process Simplification

Learning & embracing lean best practices in accounting & internal finance process such as Month End Close, Payroll, Budgeting & Forecasting etc is a proven way to achieve improved productivity, meet the deadlines effectively and enhance resource utilization in a company’s accounting (finance) department.

The one-day workshop "Introduction to Lean Accounting" is designed to provide (1) interactive overview of applying lean tools for internal accounting process simplification (2) improving accounting & finance department productivity and (3) becoming effective business partnering to other departments and functions. The facilitator who worked in leadership level both in operations and in finance departments, provides a hands-on training on lean best practices in accounting department using global case studies.

Outline

• Lean philosophy & frame work, Lean accounting best practices
• Techniques for improving various accounting process using lean methodology
• Introduction to lean report, lean costing methodology
• Practical ways of capturing financial gains during "Company Lean Journey & operational productivity improvement efforts"
• Challenges in implementing lean thinking in finance - How to overcome challenges

Participants will also learn:

• Lean Readiness Assessment Tools for Accounting Department
• Techniques to capture financial gains in company productivity efforts in line with GAAP, Accounting Principles
• Providing value added business partnering techniques with MDs, CEOs and other departments and heads in improving revenue & cost thus margin

Who should attend

CFOs, Controllers & managers working in accounting & finance department who want to get insight into applying lean methodology to internal accounting process simplification, practical understanding of capturing financial gains (due to lean & other productivity improvement efforts) in line with GAAP, accounting principles and want to learn effective value added partnering with other functions

Profile of Ramesh Rao

Ramesh Rao holds Degree in Engineering and in Finance, an MBA in Supply Chain & Strategic Finance. He is a certified Six Sigma Master Black Belt, certified Lean Master, certified Design Thinking facilitator and a certified supply chain practitioner. Ramesh last held the position as Global Finance Controller for a US MNC & successfully helped simplify internal finance process, consolidated the finance organization to improve efficiency & spearheaded companywide cost efficiency efforts. Previous to his position as Global finance controller position, Ramesh held Regional Operations lead position supervising 3 factories across Asia. Currently Ramesh runs a business consultancy based in Singapore specializing in productivity improvement, turnarounds & transformation.