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Finance function as a business system
Author(s) -
Pretorius Paul
Publication year - 2020
Publication title -
incose international symposium
Language(s) - English
Resource type - Journals
ISSN - 2334-5837
DOI - 10.1002/j.2334-5837.2020.00807.x
Subject(s) - operability , function (biology) , computer science , systems engineering , business architecture , process management , systems design , interdependence , context (archaeology) , business process modeling , risk analysis (engineering) , engineering management , management science , software engineering , business process , engineering , business , operations management , paleontology , evolutionary biology , law , political science , biology , work in process
This paper introduces systems engineering approach to enhance the business design in addressing the complexities encountered in the design of a business function. Systems engineering has matured in analysis and working with complexities; in allowing inputs from disciplines such as framework design to influence the proposed architecture; and in defining the role of modelling tools to assist in understanding the challenges, verification of operability and simulation towards an improved design. The finance function was selected as a “system of interest” (SOI) within the context of a larger business or enterprise as a “system of systems” (SOS). The generic business design of a finance function was delivered as a system of interdependent processes whilst introducing some of the tools and techniques of the “model‐based systems engineering” approach to ensure completeness of functionality, accountability of role players and visibility to stakeholders.