Introduction to Lean for Finance
Category: Practice Management | Date: 02/07/2025 10:00 | Duration: 1hr | Tag: WEBEC2512| Type: Webinar | Speaker: Stacy Franklin | Channel: ProfitPro
In finance, accuracy, transparency, and compliance are critical, but are outdated systems, miscommunication, and manual processes slow things down? In this webinar, we will introduce Lean to you in a way that relates to your experience, your processes and your customers.
The purpose of this training is to give you an awareness of the different aspects of Lean, its guiding principles and showcase how that can support you to make your work, work for you.
Most of us have heard of Lean in manufacturing, in this workshop we’ll take a closer look at the application of Lean to improve the year-end process for a company – savings over 120hours of work and €10k in overtime.
This is to show you how actual on the ground benefits can be seen in the processes that cause us the most pain.
Stacy Franklin will cover the following topics during this presentation:
• The Purpose behind Lean
• Waste and Value for us and for our Customers
• The 5 Principles of Lean, and what that means in Finance
• Finance Lean Case Study
• The Lean Mindset, and where to start
By attending this session:
• Learners will become aware of the foundational principles of Lean and their direct relevance to improving the efficiency, accuracy, and compliance of financial processes
• Learners will gain an understanding of how to identify various forms of waste prevalent in finance operations and appreciate the distinction between value-add and non-value-add activities from both an internal and customer perspective
• Learners will develop an understanding of how Lean methodologies, as demonstrated by the case study, can lead to significant improvements in time, cost, and overall operational effectiveness within a finance function
This session will be of particular interest to:
• Accountants & Bookkeepers automate data entry, expedite month-end closings, and maintain precise financial records to support critical decision-making.
• Financial Analysts & Advisors minimise administrative tasks to focus on in-depth analysis and strategic client advisory, enhancing service quality and client satisfaction.
• Freelance & Self-Employed Financial Professionals reduce administrative overload, streamline billing and reporting, and allocate more time to strategic financial planning and client engagement.
Course Level: Foundation
Stacy Franklin