Financials AIM Assessment- Assess,Inform,Modify
Overview (pdf)
Studies show that “best of breed” companies utilize their financial systems to increase effectiveness and efficiency. After all, your financial applications are a tremendous investment and should be returning the value anticipated when your organization made the purchase. Unfortunately, many organizations find they have difficulty realizing the benefits and the return on investment they expected from their financial applications. If you are struggling to realize the full potential of your PeopleSoft Financial system, RCM Technologies can help.
RCM Technologies – Enterprise HR Solutions’ proven AIM Assessment methodology has helped organizations evaluate the current state of the integration between financial business processes and the supporting PeopleSoft financial applications. The result is a comprehensive roadmap focused on productivity gains and realization of the planned return on investment. The recommendations are based on our extensive experience and knowledge of the PeopleSoft Financials and our focus on best practices.
AIM Benefits
How will RCM’s AIM process benefit your organization? In a 4 to 6 week timeframe, AIM leads to a plan to migrate your financial business processes to a state of industry best practice while improving the performance and cost structure of your PeopleSoft Financial applications. Specifically, AIM is designed to:
- Increase effectiveness including process modeling and data integrity
- Reduce costs associated with processing and maintenance
- Align the workforce and business processes, practices and workflow
- Properly utilize application controls to support financial integrity
- Improve efficiency with which the organization retrieves and reports data
- Stabilize the production management function
- Improve system security and access to data and system functionality
- Measure effectiveness and value of PeopleSoft Financials system
- Strategically deploy supporting modules that will streamline operations
AIM Process
The AIM process looks at the following dimensions to assess the current state and define the future, improved state:
- Application configuration
- Business process
- People/skills
- Controls/security
- Reports/interfaces
- Change management
- Migration readiness
- System performance
- Production management
- Enabling opportunities
AIM Deliverables
- AIM findings and recommendations
- Transformation plan for future state
- Project organization model
- Future state roadmap