F&A Benchmarks: Prophecy or Pretense? Leveraging Industry Data to Drive Shared Services Optimization

Nov 11th, 2020

F&A Benchmarks: Prophecy or Pretense? Leveraging Industry Data to Drive Shared Services Optimization

Cost containment remains the top financial action CFOs are considering in response to COVID (81%), with finance leaders expecting a 10% average reduction of their finance budgets in 2020. As a result, more and more finance executives are being questioned about their current shared services and finance staffing levels, and asked to do “more with less.” Benchmarks can help you identify areas of opportunity to restructure your F&A organization, reduce staff, automate, and revise focus, all part of the post-pandemic “marching orders” for Finance executives. But are all benchmarks created equal? Do general industry benchmarks reflect the specific characteristics and dynamics of your business?


Key Topics for Discussion

  • What are the key benchmarks to help you measure your current finance operational performance?
  • What resources are available for benchmark data?
  • How should you map your business to the available benchmark data?
  • Real-World examples of how benchmarking can be leverage to identify opportunities for standardization, automation and restructuring
  • Proven strategies to achieve your expected efficiencies including specific finance automation tools (e.g. RPA) and outsourcing
  • Tips to calculate the benefits and business case of your optimization program
  • Most common implementation pitfalls and lessons learned

Enrique Martinez-1

About the Speaker:

Enrique Martinez
Finance Transformation Managing Director

Enrique is a seasoned finance executive with over 15 years of combined experience in both consulting and industry. He most recently served as Director of CFO Advisory Services with Genpact, and prior to that was with Credit Suisse as VP of Investment Bank and Asset Management. His holistic expertise includes Design and Implementation of Finance & Accounting and Shared Services Operating Models, Performance Improvement, Digital Technologies, Analytics and Strategic Advisory Services to C-level executives.


About the Speaker:

Rachele Collins
Principal Research Lead, Financial Management

Rachele has been working with clients since 1998, helping them improve their performance through assessments, benchmarking, strategy development, knowledge management, measurement, and process improvement. As part of this work, she has visited on-site with executives at dozens of client organizations around the nation and around the world to help them learn from best practices and improve their performance. She has authored dozens of best practice articles and research reports, presented at conferences to share best practices and lessons learned, and trained numerous executives over the years on the topics of benchmarking, process management, and knowledge management.

speakers ADRA-03-1

About the Speaker:

Eric Liebross
Senior Managing Director of Business Transformation

Eric Liebross leads the Business Transformation practice at Auxis. He brings more than 30 years’ experience and a proven track record of success in the Shared Services Strategy, Organizational and Operating Model Design and Implementation, Back Office Optimization, Digital Transformation and Business Process Outsourcing areas. Eric joined Auxis in 2002, and led the establishment of the company’s nearshore shared services center in Costa Rica in 2010, and launched Auxis’ Intelligent Automation practice in 2016. His unique perspective as both long-time business advisor and operator provides a unique, real-world perspective to his clients.