Financial Operations are at the cornerstone of every organization. They comprise all the costs, expenses, processes, procedures, people, systems and operations involved from the point of revenue creation to the point of funds disbursements.
Financial operations are truly distinct to every organization. Corporations exhibit very few similarities when it comes to the processes, systems, people, efficiency and the direct and indirect costs of their financial operations.
Financial operations touch, impact, affect, influence, involve and embrace every stage and juncture in an organization: The beginning point is when revenue or financial value is created and to the end point of funds disbursement.
It encompasses billing, accounts receivable, collections, inbound payments, vendor integration, accounts payable, outbound payments, timing of funds and money flows and all of the processes, systems, costs and expenses associated with all of the activities from the point of revenue generation to the point of funds disbursements.
Vizant is renowned for our expertise, intelligence and thought leadership in Financial Operations. We provide and implement solutions that improve the efficiencies and cost structures that lead to imbedded and unnecessary costs in all areas of financial operations.
Financial Executives tend to focus on the direct and easily identifiable costs associated with inbound and outbound payments and treasury operations.
The problem is this: What is clearly visible in a cost analysis spreadsheet generally misses the mark as to true costs. Why? The real costs are often buried deep within the processes, systems and procedures of every organization. While direct and easily identifiable costs are critical to sound financial management, it is the embedded inefficiencies that have the largest impact on the bottom line.
Vizant prides itself on this singular fact: We are proven experts at implementing Cost Reduction Solutions that BOTH mitigate and reduce the direct costs of payments, treasury, banking and financial operations AND improve and maximize the efficiencies of the processes, systems and procedures that touch and impact all facets of payments, treasury, banking and financial operations.
This DUAL approach ensures that the financial rewards we deliver will be substantially greater than any financial improvements garnered from simple direct cost reductions. We deliver sizeable dollars and financial improvements to our clients via our dual focus on costs, along with processes and systems. We know that the direct costs almost always hide the true costs of financial functions within an organization.