Finance & Accounting Consulting

Public Sector Entity Financial Operations

A public sector entity asked Jefferson Wells to work side by side with their teams to realign their Finance functions and processes.

Man standing and giving presentation

Business Issue

A public sector entity embarked on a transformation initiative to expand the organization’s capacity to professionally and independently manage its financial operations. The client embarked on an organization-wide effort to optimize the deployment of people, processes, and technology.  The Client sought to realign its financial services from numerous silo functions into three cohesive units:  Finance, Treasury, and Procurement. Concurrent with this realignment, the client wanted to achieve “clean-up” of accounting and internal controls; address the knowledge gap to support an independent finance function; develop and/or modernize its business practices, policies, and processes; and to expand the use of current technology to prepare the organization for the future.

Solution

The Client needed to engage a team of business process design professionals with the hands-on experience to work side-by-side with their own personnel to transform the organization in the areas of Accounting and Financial Reporting, Procurement, Risk Management, Treasury, and Billing System Redesign & Audit. Definition and establishment of sustainable business processes in addition to fulfillment of multiple permanent roles throughout the Client’s Finance organization.

Results

The client updated their team, processes and risk universe.  In addition the Client has utilized Jefferson Wells to build out their team structure by hiring 20+ professionals on either a contract-to-Perm or Direct Perm placement basis. By utilizing Jefferson Wells as its trusted business advisor, the client was able to establish sustainable business processes that ultimately allowed it to operate as an independent business entity and created a foundation for the organization’s future growth.