X3 Consulting is a G Cloud 12 approved supplier
As a government approved supplier, our solutions are available on the G-Cloud 12 framework, providing fully managed, secure cloud hosting for the public sector.
About the G-Cloud Framework
G-Cloud is a government initiative designed to make it easier for government departments and public sector organisations to access cloud technology and services. For more than two decades, we’ve transformed the public sector with high-performance, secure cloud solutions.
Hosting with UKFast enables suppliers and developers to accelerate the growth of their software and services into the public sector; providing accredited secure platforms that are connected into the customers’ networks from which to deliver software as a service (SaaS), supported by a fully managed infrastructure and the expertise from the UKFast Public Sector team.
Find us on G Cloud here
The future of Government Finance
Finance leaders are under pressure to deliver more than traditional financial reporting or they risk being left behind in the data-driven landscape. They must focus on improving analytical capability and using data to provide advanced insights to the business. But this will require investment in training, data and tools, as well as an adjustment in mindset.
Empowering finance leaders to overcome these challenges means giving them the confidence, freedom and tools to experiment with data to deliver insights and connect business operations to long-term value. By helping finance leaders to explore data, you can develop powerful insights and bring together your stakeholders to unlock value.
The days of traditional financial reporting are gone, such as the profit and loss statement, balance sheet, cash flow and simple variance analysis are enough. Business leaders are now looking for in-depth, real-time insights that allow them to connect business activity to long-term value, model scenarios in real-time and efficiently allocate resources. If finance functions do not adopt this new technology, then other functions will step into the void and risk weakening the central role of the finance function in the modern enterprise.
At the same time, many Chief Financial Officers (CFOs) are under pressure to increase efficiencies and reduce costs. This means that any additional spending to help finance functions develop their capabilities must be clearly justified by the tangible value it adds to the business.
External pressures are also mounting, adding to the CFO and business workload. COVID-19 and Brexit have clearly presented major challenges, but there are many other pressing developments on the horizon such as digitalisation, rising customer expectations and the increased stakeholder focus on environmental, social and governance (ESG) factors.
Businesses must manage these pressures and understand how their activities impact value in these areas. To achieve this, the CFO must play an increasing role in helping businesses to optimise actions and investments internally in order to drive outcomes externally.
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Find us on G Cloud 12 here