Outsourcing IT financial management: Setting up a finance PMO hub

How to structure the financial management of an IT project portfolio at the scale of an international Business Unit?

Our client, a global leader in healthcare, relies on its digital BU to manage IT projects for its support functions.

However, the financial data provided only offers a high-level financial view of the project portfolio, thereby limiting management effectiveness.

To address this issue, the MEOTEC teams supported them in outsourcing the financial management of its Digital Corporate Functions BU.

Objectives:
– Ensure data reliability and communicate results
– Strengthen and standardize financial processes
– Support hashtag#ProductOwners in budgeting exercises and strategic decision-making.
– Support the upskilling of teams
– Strengthen governance through a dedicated Finance hashtag#PMO hub

Results achieved:
– Creation of a financial best practices guide
– Creation of a single, reliable database
– Implementation of consolidated monthly reporting
– Training of 60+ project managers on financial topics
– Implementation of a data quality audit

Need operational support for your financial challenges?
Contact us directly on our LinkedIn page MEOTEC!