Everything you need to know to get started with the CFO Platform
Forget all the complicated, time-consuming implementation projects from the ERP world. All the CFO Platform needs to become operational is a quick configuration.
Two key terms to keep in mind:
Implementation
A process that includes bringing a software solution from concept to operational status, often with significant involvement from technical personnel.
Configuration
Focuses on adjusting and customizing a standardized solution to optimize its performance and functionality according to specific user needs.
Ease your worries about implementation time—this isn't like an ERP system.
The biggest misconception when starting is that it involves a comprehensive implementation like an ERP system. It’s actually a configuration.
The CFO Platform is a standardized solution, ready to be used. You won’t need to sit down and build a lot of code—the solution is ready and just needs to be configured to your company’s specific needs.
The configuration typically takes only 100 hours from Profitbase. It’s expected that you set aside a similar amount of time to ensure a smooth process that your company will benefit from as much as possible.
Success is where preparation meets opportunity
The CFO Platform is a toolbox, and you and your team are the craftsmen with an important job to do. To ensure you have the right tools to do the job better, faster, and more securely, we recommend that you take the time to consider what is important to you.
This might include involving more people in the budgeting process to increase the quality of the plans. Or getting more accurate forecasts. Or streamlining the processes so that they are done more frequently, and possibly have forecasts for multiple scenarios.
With clear expectations, we can work together to configure the solution so that you get the best tool for the job.
Expectations are set. Now the fun begins!
- The process starts with a mapping of what you, as a customer, want to do initially. Then we create a plan with key people and milestones, which includes aspects of your business model. We go through which functionalities in the solution you will use initially, and other areas we can look at later.
- We work through module by module. This will be a combination of working together and working independently. The fruits of this labor are brought into workshops where we go through the module and ensure that you receive thorough training.
- Training is a central part of the process. You and your team will learn to use the solution during the configuration, but we also have a standard procedure of ending with a thorough review of the entire solution from A to Z. This is so that you are in the driver’s seat and feel confident in using the solution on your own afterward.
Who should be involved: when and why
No business function is an island. To make financial management a team sport, we always recommend having multiple people involved in the process.
The level of involvement will vary. Some will need to be heavily involved to learn how to use the solution. For others, it is sufficient to be informed about the process so that all contributors embrace and use the CFO Platform and its solutions when it is rolled out and in operation.
The size and organization of the company will be factors that influence how many should be involved in the project, at different times, and with different levels of involvement.
That said, here are some typical roles that are involved in most projects:
- Project Manager
- Super User
- Input User
- End User
- IT
You are in the driver’s seat. We are here to help you
With a high degree of involvement in the configuration and thorough training, you are in the driver’s seat. We are, of course, always available for advice, guidance, and support, but the idea is that you should not be dependent on consultants once the solution is in operation.
This allows you to achieve significant savings with the CFO Platform over time.
Scalability and customization
The CFO Platform’s low-code concept means that it can be quickly adapted and extended with minimal development and implementation costs.
This allows the platform to grow and adapt to the company’s needs without incurring large additional costs.
