What is Lean Accounting?
Lean Accounting, simply put, is the application of Lean Thinking to Accounting and Finance: improve customer value by first understanding what creates value and then driving out the waste that gets in the way. This challenges us in the Accounting and Finance team to understand who our customers are, and how what we do enables them to create value for the organization’s end customers.
Why is Lean Accounting important?
Lean Accounting enables, focuses and accelerates the Lean organization’s progress in improving customer value. The Lean Accounting and Finance team creates capacity through continuous process improvement so that we can dedicate our skills and capabilities to informing value-creating decisions. Value-added activities range from informing understanding of the drivers of financial outcomes through Lean operations, to informing decisions that improve profitability, to advancing the capability of strategy deployment by making the right things visible: measuring the right things in the clearest, most effective way.
Learn more about how to introduce or advance Lean Thinking in your Accounting and Finance team by exploring this website and contacting us.
