An Interactive 5-Day Training Course
The Effective Finance Professional
Process Excellence in the Financial Function
Course Overview
This GLOMACS Finance & Budgeting training course on The Effective Finance Professional will equip you with the practical knowledge and skills to meet the challenges of the changing landscape in the 21st century Finance function. This expert-led training course will focus on how, by streamlining key Finance processes and achieving operational excellence, time saved can be invested in advanced cost management, business analytics and enhanced planning, forecasting, and reporting techniques; techniques that can facilitate the development of Data-Driven Decision-Making (DDDM).
The 21st century had already seen massive disruption to business processes and business models facilitated by rapid and significant developments in digital technology and data management. In world-class organisations the Finance function is applying these developments to streamline traditional processes and invest the time saved in improving the business support the Finance team provides to its key decision-makers. The ultimate goal in this process is to transform the Finance professional from a business analyst into a Strategic Finance Business Partner.
This GLOMACS training course will highlight:
- How is the digital revolution disrupting business and the Finance function?
- Strategies to streamline and build operational excellence in Finance processes
- The impact of Business Intelligence and Business Analytics on decision-making
- Leveraging “Big Data” to build high impact dashboards and reports
- Building advanced skills in planning, forecasting, and reporting
- The Finance professional's role as a Strategic Business Partner
Training Outline
DAY 1: 21st Century Digital Challenges
- The Opportunities and Threats of the Digital Century
- 21st Century Challenges for the Finance Function
- Understanding Business Models and their Disruption
- Building an Effective Performance Management Framework
- Defining Measures for Effective Strategic Management
- Key Capabilities for the Effective Finance Professional
DAY 2: Streamlining Finance Processes to Achieve Operational Excellence
- Operational Excellence as the Route to Transformation
- The Impact of Finance Processes on Business Performance
- Improving and Streamlining Key Finance Processes:
- Receivables
- Inventory
- Payables
- Accelerating the “Customer to Cash” Cycle
- Improving Key Finance Processes: Period Close
DAY 3: Key Finance Capabilities: Cost Analysis and Management
- Understanding Cost Behaviour, Profit and Cash Generation
- Developments in Cost Analysis and Management
- Advanced Costing Methods – Kaizen and Target Costing
- Activity-Based Management and Decision-making
- Strategic Cost Reduction
- Value-Based Pricing Techniques
DAY 4: Key Finance Capabilities – Data Analysis, Forecasting, and Reporting
- Understanding Business Intelligence and Business Analytics
- Excel Techniques for Predictive Analytics and Forecasting
- Budgeting and Beyond
- Data Visualisation Techniques for Financial Reporting
- Designing and Using Scorecards and Dashboards
- Designing Effective Financial Reports
- Principles of Integrated Reporting (IR)
DAY 5: Transforming the Finance Function to Meet the Challenge
- Transforming the Finance Function for the Digital Age
- Applying Agile Management to the Finance Function
- The Finance Professional as a Strategic Business Partner
- Leading Transformational Change in Finance
- The Importance of Urgency
- Managing Change in the Finance Functions
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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