Transactional Finance

The Transactional Finance Group has identified its scope as covering four service areas:

Payroll and Pensions
Accounts Payable
Accounts Received
Cashiers
Outputs achieved to date:-
Initial data collection complete
Workshops for each area undertaken
High Level Opportunities identified for each area
Potential opportunities shared with Treasurers and signed off for further investigation

Ongoing work:-
Best practice research
Workshops to prioritise opportunities and identify specific projects for delivery
Visioning of potential future delivery models

Potential high level opportunities identified Common areas for collaborative working across the four areas of Transactional Finance include:-
Sharing staffing resources across authorities
Sharing the same system
Sharing expertise in systems across authorities using the same system
Development of consistent processes and process improvements
Joint Procurement of training and shared support network for system development

Andrew Baldwin, Head of Financial Management, Bury is the Service Area Champion for this group.  For further information on the work of this service area please contact Vicky Sharrock, CEP Programme Office on 01942 705411.