Services geared at the Finance department, also known as CFO services, focus on a range of financial activities. More strategic offerings include mergers & acquisitions, capital budgeting and asset management, although these services are commonly also part of the Financial Advisory service portfolio of consulting firms, as well as financial planning and target operating model development, which belong to the field of operations consulting.
Implementation services focus around improving the performance of one or a group of financial processes, such as order to cash, procure to pay, cash management, working capital and the financial closing- and reporting process. Finance operations are also all about supporting decision-making, and consultants are frequently engaged to improve the flow of relevant information to the appropriate stakeholders (management reporting), through for instance data management, business intelligence and financial dashboards. Engagements that seek to raise the maturity of the entire finance organization, known as finance transformations, represent the largest mandate consultants can be given in the domain.