Key to the success of Paluma’s Business Process Excellence approach is to listen carefully to your requirements, manage the expectations of all involved parties, and gather relevant information prior
to any actual workshop or work package in order to be able to focus purely on the discovery of parts that are unclear or not in line with your business.
By following these principles and applying predesigned business content to accelerate your projects, the Palumaapproach guarantees up to 50 % shorter project phases.
Business Process Management
Paluma applies a modular Business Process Management approach. At first we gain a deeper understanding of the existing business processes. In a joint approach we analyze with you the status-quo, define optimized future processes, align and accompany the transformation path throughout your organization, implement the processes and make sure you have all the knowledge and tools in place to manage and continuously improve those processes. Furthermore, we can help you gain a complete business view of your whole enterprise by applying enterprise modeling methodologies, tools and techniques or help your IT organization to cope better with the complexity of the applications landscape, data models, and their relationship to your business processes.
Paluma has established a strong partnership with the leading editor of process modelling software: iGrafx.
With the experience of a long history in analyzing, designing, and implementing finance processes Paluma pre-designed an idealized process reference model for CFOs that kick-starts your individual initiatives. Your distinct insights and our expert knowledge converge into your future-proof finance processes be it in the area of financial consolidation, management reporting, budgeting, planning, and forecasting or any other key financial process.
Conversions to IFRS
Our experts provide end-to-end conversion processes from various accounting and reporting standards to IFRS. We also define or contribute in defining various strategies in adopting IFRS or contribute in optimizing the IFRS closing process, linking it to a Fast Close strategy for example.
IFRS and other GAAPs advisory services
Important steps of the IFRS accounting and consolidation process can be covered by our experts, especially implementation of efficient and compliant impairment tests, implementation of IFRS compliant value-based management processes, setup of concepts for the internal financial management or optimizing the creation of the annual IFRS report.