Ciopages Accounting and Finance Capability Model is a logical and intuitive decomposition of accounting and Finance functions into a set of granular business capabilities. The finance and accounting capabilities map encompasses about ~220 capabilities across three levels.

(Note: As the Accounting and Finance Capability Model is a digital deliverable, we do not accept returns or issue refunds. So, please read the product description and the terms carefully.)

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Finance is no longer just a keeper of accounting transactions. In today’s highly competitive world, leading enterprises rely on Finance as a strategic differentiator. No wonder large and medium enterprises are transforming their F&A functions for the digital age. However, despite spending tens of millions of dollars, the outcomes are falling short of expectations. One reason is the lack of a holistic perspective of the structural underpinnings and many facets of finance and accounting functions.

A finance capability model is an essential blueprint to help Finance executives, Business, and Enterprise Architects gain a comprehensive understanding of F&A based on foundational entities – the capabilities. The accounting and finance business capabilities map is a structurally sound and internally coherent model.

Finance Capability Model Deliverables

The accounting and finance business capabilities model encompasses about 220 capabilities across three levels and includes the following artifacts:

• An Excel spreadsheet with the list of F&A capabilities.
• A PowerPoint format with the top two levels presented in a nested visualization.
• A Word document with capabilities in a multilevel list format.
• Capability Definitions to Level 3.
• Capability KPIs (Key Performance Indicators) to Level 2.

What is the Value of the Finance Capability Model?

A business capabilities model is a fundamental and foundational entity in the business architecture continuum.

The Record to Report value stream has emerged as a mission-critical function, particularly in this data-driven digital age. The CIOPages accounting and finance capability model encapsulates the essence of accounting and finance functions with a detailed, multilevel capabilities list.

There are several benefits from business capabilities, including, among others:

• Finance Executives can use it to create a fundamentally sound F&A Transformation Roadmap.
• Foster alignment between business and IT using capabilities as an everyday language.
• Capabilities are structurally sound and internally coherent abstractions of business functions.
• A capability-based roadmap eliminates redundancy and replication and focuses on capability evolution.
• Juxtaposing capabilities and systems/applications provide a footprint analysis and can lead to better application portfolio rationalization decisions.

The Accounting and Finance capability model decomposes into three levels.

Created by business architects and finance domain experts, the finance and accounting capabilities list is detailed, in-depth, and conforms to the construct of MECE (mutually exclusive and collectively exhaustive).