Share
Explore
FinOps Project Plan
Qualus
Welcome
Our Health Check is a high-level review of your FinOps function.
Core functional areas reviewed
The 8 core functional areas reviewed are: Cash In, Cash Out, Payroll, Cash Management, Reporting, Partnering, Compliance and Team
Each area is assigned a score from 1 (poor) to 5 (excellent), reviewed across people, processes, and technology, to provide an overall FinOps function growth readiness assessment.
Wherever found, improvement recommendations are noted and included within the assessment of each area, and the function as a whole.
Recommendations
Recommendations are split into (1) Quick Wins and (2) Long-term Improvements, prioritised to build a roadmap for improving the FinOps Function.
How it works
The core review takes place over 4 days, which allows for an initial overview, deep dive with the area owner, and report/ recommend.
Additional time
Where areas are found to be particularly complex, we may advise that more time is required than budgeted to complete our review. If approved, this will be completed. If not, this will be indicated within our report.
We will meet key stakeholders, typically the SLT or founding team, as well as the person within your business who leads on each area and/or undertakes the majority of the processes within.
We will book in Area Overview meetings and Detailed Review meetings with the relevant people.
Meetings
We will request a list of stakeholders and area owners prior to commencing our review, so we can schedule time with each of them for an overview and a key process walkthrough. More often than not, these will be the people within your finance and/ or operations team.
We will understand the key technology infrastructure, in particular, how well integrated each tool is with wider business processes. However, we will not review setup/ implementation or require access to the tools themselves during the Health Check.
Sharing information
We will ask for any relevant information you have on process documentation/ notes before the start of the review. For reporting and partnering, this can include copies of the latest management accounts or other monthly business reporting.
Health Check Plan
We will use the tables below to track our progress, document our review and raise recommendations.
Area
Aim
Overview meeting
Review meeting
Score
People
Process
Tech
Notes
Rec's raised
Reporting
1
Clear, accurate, and automated financial reports for better decisions.
0
1
Cash In
1
Accurate and effective billing and data to drive strong customer relationships
0
0
1
Cash Out
1
Well controlled spend with timely, necessary payments made.
0
1
Payroll
1
Paying employees correctly, ensuring payroll and pension compliance.
0
1
Cash Management
1
Conserving and managing cash flow to ensure business survival.
0
0
Partnering
1
Providing financial insights and support to teams to deliver growth.
0
0
Compliance
1
Tax, legal reporting, and regulatory requirements.
0
0
Team
1
Right team, skills, and priorities now, and in the future
0
0
Recommendations
Quick Win/ Improvement
Area
Priority
Recommendation
Detail
Quick win
2
Cash In
Example quick win 1
Payroll
Example quick win 2
Improvement
2
Cash Out
⚠️
Example priority project 1
Reporting
🔥
Example priority project 2
Want to print your doc?
This is not the way.
This is not the way.
Try clicking the ⋯ next to your doc name or using a keyboard shortcut (
CtrlP
) instead.