PROJECT APPROACH

Prederi worked with the Chief Accountant to determine a variety of training needs to transform the attitude to finance across the organisation, and improve some of the ways finance processes are undertaken.

We designed and rolled out a Finance for Managers course which focuses on getting Managers (not finance staff) to be accountable for their budgets and to have an improved understanding of their responsibilities in relation to ‘Regularity, Propriety, Accountability and Managing Public Money’. It also focuses their minds on what drives their costs and how to plan the cost of their activities, whilst improving their understanding of the process for managing their costs in year, given performance and time constraints.

Prederi has also designed a more detailed forecasting course including the effective use of the Management Information template for Finance staff which is being rolled out from Summer 2017. We are also working with finance staff to design an output planning course which includes the areas of zero based budgeting and an understanding of costs drivers. This will be piloted in June 2017.

Further training in the areas of investment appraisal and producing business cases based on the 5 case model, plus using statements of assurance effectively are planned for the future.

ACHIEVEMENTS

We have successfully delivered the Finance for Managers programme to 14 different cohorts. Changed attitudes to Finance and an improved understanding of accountability is spreading through the organisation. There is also a far greater understanding of how some basic finance processes should be undertaken which will lead to more accurate forecasting of full year costs and a better ability to predict the extent and nature of over/underspent budgets.

Can we help you?

We'd love to tell you more about how we can work with your business to achieve similar results.

Reach me on 07808 783 315 or my email address is nick.auer@prederi.com

Nick Auer