What we do

Finance Target Operating Model and Transformation


Finance operating model design and transformation for entities standing up, restructuring, or scaling their finance function.

The problem

New entities are created: a Saudi Vision 2030 SPV, a sovereign fund at launch, a subsidiary being carved out, a joint venture being commissioned. Existing entities restructure: a listed corporate post-acquisition, a family group professionalising group finance, a government authority transitioning from cash to accrual accounting. In both cases, the finance function must be designed around the entity’s mandate and operating reality, not inherited from whatever temporary arrangement held in the interim.

Designing a finance function is not a set of independent workstreams. Organisational structure, delegation of authority, process design, internal controls, management reporting, and ERP readiness must be designed together, because a decision in any one of them constrains the others. The major firms deliver this work as a multi-workstream programme at budgets most mid-sized entities cannot justify. Local advisory firms produce the documents but often lack the delivered transformation experience to make the design actually work once implementation begins.

What we deliver

The components below define the perimeter of the work; each engagement is scoped from them against the entity’s mandate, maturity, and constraints.

A current-state assessment across people, processes, systems, governance, and reporting, benchmarked against sector peers and the entity’s strategic mandate.

A finance target operating model: organisational structure, role mandates, delegation of authority matrix, governance forums, and RACI for finance processes from record-to-report through plan-to-perform.

Policies and procedures across accounting, FP&A, treasury, fixed assets, internal controls, close, and reporting, IFRS-aligned where relevant.

A management reporting framework: executive pack design, KPI architecture, and monthly close cadence.

ERP readiness, covering the business side of the programme: business requirements specification, selection support, implementer oversight, and user acceptance testing leadership, working alongside the client’s chosen implementation partner. The system choice is made on fit rather than vendor preference.

A prioritised, phased transformation roadmap with workstream ownership, milestones, and critical dependencies.

Diagnostic and blueprint typically complete inside a quarter. Where a client wants partner-led transformation governance through execution, the engagement continues on phased retainer beyond the initial engagement.

Who this is for

CFOs and Finance Directors of newly-formed entities needing a finance function designed from scratch. Group CFOs of family businesses professionalising group finance. Government entity leaders standing up or restructuring finance under regulatory or strategic pressure. Mega-project and SPV leaders who need the quality of a major-firm programme without the budget. Where the operating model itself is sound and the need is the reporting and FP&A layer alone, that is our FP&A and Executive Performance Reporting offer.


No senior-associate handover. No implementation phase where the work passes to a team you have not met.

How this is delivered at our scale

Our leadership has led this work for Saudi Vision 2030 sovereign entities, mega-project SPVs, and a sovereign investment fund. At BGMC the same standard applies, with two consequential differences.

First, the partner who designs the operating model is the partner who leads its delivery. No senior-associate handover. No implementation phase where the work passes to a team you have not met.

Second, the engagement is priced for the mid-market, because the firm does not carry the overhead of a delivery pyramid. The scope is disciplined, the team is senior, and the fee reflects the work rather than the structure behind it.

The delivered register

Each engagement below was delivered by the firm’s leadership. Those contracted under BGMC’s name are identified.

  • Led the finance transformation of a KSA sovereign-level authority from diagnostic through validation: policies and procedures, delegation of authority, organisational design, management reporting frameworks, and ERP testing against the future-state processes.
  • Designed the finance operating model for a Vision 2030 pre-inception mega-project in KSA, working with executive leadership to align governance, reporting, and operating structures.
  • Set up and ran the finance function for a KSA sovereign events investment fund under a build-operate-transfer model, including operating model design, team recruitment, business-side leadership of the Oracle ERP implementation, and 18-month budget development.
  • Directed cross-functional budget governance and executive reporting for a SAR 1bn+ Vision 2030 mega-event programme, as Finance Director reporting to ministerial level.

Fees and timelines are scoped per engagement through the scoping note.

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