Lean focuses on eliminating waste from entire processes. And—surprising as it may seem—that translates to finance too.
Is faster actually our end goal? Or is it a link in the chain to something greater?
Has this happened to you before? Your team has been tasked to put together a corporate dashboard that reviews various areas of the business. The sales manager wants to know how the company is doing compared to last year and plan and who the top ten customers are. The supply chain manager wants to know how much inventory is on hand and what is forecasted to sell over the next ninety days. The CFO wants to know if the cost cutting measures that were implemented are actually having an effect on the bottom line. The only way to get this information is to build lots of BI queries with data extracts and export all the results in Excel for further manipulation. This will take a ton of your free time away as you will have to work nights and weekends to get the job done.