Lean Finance Training

Prerequisites

No prior knowledge required

Objectives

◗ Analyze the concepts and objectives of Lean.

◗ Have an implementation methodology in the financial sector.

◗ Understand change management in terms of the roles and contributions of management accounting.

Training program

◗ Integrating Lean principles into finance functions

– The 7 Wastes (Muda), Muri, and Mura Applied to Finance
– Value-Added vs. Non-Value-Added: A Lean Perspective on Processes
– Specific Characteristics of Support Functions in a Continuous Improvement Approach
✔ UNDERSTAND | Illustration: VA/NVA diagram for a closing process
✔ APPLY | Practical exercise: Identify waste in a budgeting or billing process
✔ EVALUATE | Quiz: In your opinion… What proportion of our tasks adds value?

◗ Lean tools to improve performance

– SIPOC, VSM, 5 Whys, Ishikawa diagram
– Standards, visual management, quick wins
– Performance rituals (Obeya, flash meetings, SQCDPI)
✔ APPLY | Practical exercise: Create a SIPOC chart for a specificscope
✔ EXPERIMENT | Workshop: Create an Ishikawa diagram to explain a margin deviation
✔ EVALUATE | Quiz: In your opinion… how can you formalize a sustainable improvement?

◗ Leading a DMAIC improvement process

– The 5 steps: Define – Measure – Analyze – Improve – Control
– Application to a real-world process (closing, ordering, reporting, etc.)
– Deployment of standards, tracking gains, team engagement
✔ APPLY | Practical exercise: Apply the DMAIC approach to an underperforming process (steps D through C)
✔ EXPERIMENT | Simulation: Group presentation of the Lean solution selected for an activity identified as wasteful
✔ EVALUATE | Debrief: Cross-check feedback on measured effects and the sustainability of the change

◗ Deploying a sustainable Lean culture in finance

– Lean as a Mindset: Internal Customer, Proactivity, Continuous Improvement
– The Lean Manager’s Approach and Skills
– Team Alignment, Progress Tracking
✔ UNDERSTAND | Illustration: The 6 Pillars of the Lean Manager
✔ EXPERIMENT | Workshop: Defining a Lean Finance Roadmap for a Specific Scope
✔ EVALUATE | Quiz: In your opinion… What attitudes foster sustainable progress?

Why choose this course?

Continuous improvement initiatives, which were once limited to industrial and supply chain operations, now extend to so-called “back-office” functions. The Finance department is fully committed to these initiatives, which aim to align its processes with customer requirements, ensure responsiveness and adaptability to customer requests, and foster a “service-oriented” culture.

In addition to providing methodological insights, this training course offers a fresh perspective on your activities and helps you identify areas for improvement in your processes and organization. You will also learn how to embed continuous improvement at the heart of the Finance function and identify effective ways to enhance the Finance function’s operational performance.

Teaching and assessment methods

Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.

Teaching Methods: A variety of teaching methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.

Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.

During the training: theoretical concepts are alternated with examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.

Training monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.

Price

1,860 EXCL.

Testimonials

Lean Finance Training

Jonathan C.
Company
Training

Generalist trainings

Lean Finance Training