{"id":61,"date":"2019-09-06T11:17:23","date_gmt":"2019-09-06T10:17:09","guid":{"rendered":"https:\/\/www.argonandco.com\/services\/finance\/digital-finance-and-it\/"},"modified":"2022-11-15T16:36:10","modified_gmt":"2022-11-15T16:36:10","slug":"digital-finance-and-it","status":"publish","type":"page","link":"https:\/\/www.argonandco.com\/en\/services\/finance\/digital-finance-and-it\/","title":{"rendered":"Digital finance and IT"},"content":{"rendered":"<h2><b>Introduction and challenges<\/b><\/h2>\n<p><span class=\"intro\" style=\"font-weight: 400;\">The finance information system refers to the application architecture that supports financial processes and consists of transactional functional blocks (e. g. customer and supplier flows) and decision-making blocks (e. g. reporting). Digital can broadly cover all emerging solutions, mainly in SaaS cloud mode, which meet a specific functional need, including artificial intelligence and process automation solutions.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All CFOs face the problem of choosing between information systems and more agile digital solutions, a complex problem due to a wide range of content and form. This exercise cannot be improvised. Prior to selecting the solution, business needs must be qualified, taking into account the characteristics of the enterprise&#8217;s technical and organisational environment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While information systems offer opportunities to improve business performance, they can also represent a barrier or risk. It is therefore critical to select solutions and projects according to business impact, while optimising the cost of ownership of information systems.<\/span><\/p>\n<h2><b>How we can help<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">We support the CFO in the solution and integrator choice phases (upstream) and in the design\/implementation phases (downstream), providing business expertise and change management. Upstream support enables the right functional choices whereas downstream support enables the right level of appropriation by future users.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We distinguish three key steps<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\">Characterisation of the existing system:<\/span><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Define the functional perimeter<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Analyse the enterprise&#8217;s IS\/IT master plan in order to define the impacts and interactions with other systems and information databases\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Evaluate the level of standardisation of management rules,<\/span> <span style=\"font-weight: 400;\">information databases and key processes<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Formalise the operating model of the function<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a02. Definition of the functional target:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Define the target processes and information databases required to develop the general specifications of the solution<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Benchmark companies with similar characteristics<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Qualify the degree of functional integration with existing systems<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Evaluate existing offers on the market<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Evaluate the business case<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u00a0 \u00a0 3. Technical validation in the context of Request for Proposal:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Write the specification<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Construct use cases for solution providers to create a model<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Analyse the offers, select the solution and the integrator<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Introduction and challenges The finance information system refers to the application architecture that supports financial processes and consists of transactional functional blocks (e. g. customer and supplier flows) and decision-making blocks (e. g. reporting). Digital can broadly cover all emerging solutions, mainly in SaaS cloud mode, which meet a specific functional need, including artificial intelligence [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":52,"menu_order":9,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"region":[],"class_list":["post-61","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Digital Finance &amp; IT Support Services | Argon &amp; Co<\/title>\n<meta name=\"description\" content=\"Argon &amp; Co can support your digital finance &amp; IT efforts, harnessing emerging solutions in SaaS cloud mode, including AI &amp; process automation solutions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.argonandco.com\/en\/services\/finance\/digital-finance-and-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Digital Finance &amp; 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