23 min listen
Finance Transformation: Trends and Recommendations
Finance Transformation: Trends and Recommendations
ratings:
Length:
28 minutes
Released:
Jun 15, 2023
Format:
Podcast episode
Description
City and County government organizations face significant challenges, including budget constraints, changing regulations, and increasing demand for transparency and accountability. Finance transformation can help address these challenges by improving financial processes, increasing efficiency, and enhancing decision-making capabilities. Jim McClurkin and Miriam Rayward explain how initial assessment, defining vision and objectives, developing a roadmap, engaging stakeholders, and implementing and monitoring progress, local government organizations can begin their finance transformation journey, including:Integration across multiple functions, departments, and projects. HR, payroll, t+e, accounts payable, compliance, etc).Talent and change management.Analytics for real-time decision making instead of waiting until "budget season".Tips on how to optimize processes with new technologyResourcesFree eBook: 4 Ways to Turn AP More Productive for Cities and CountiesICMA's A Budgeting Guide for Local Government, Fourth Edition
Released:
Jun 15, 2023
Format:
Podcast episode
Titles in the series (45)
Purpose in Professional Development: David Street, chief of staff of Loudoun County, Virginia, joins us for a follow up conversation to talk about professional development and optimizing your time and energy to maximize ROI. by Voices in Local Government