Your adrenaline is pumping and you’re up next to present your numbers to the senior management team. You’ve been working so hard to get to this point and you know there are no two chances with these senior executives. This is it. You put your
I’m sure if you ask finance people if they wouldn’t mind improving their chances of career success they would almost all respond with a resounding YES! The big question is, of course, how? I will explore this topic in my new series aiming at giving
Before we even get started talking about how you can transform your finance function we need to answer the big question, the WHY. Why does transforming finance matter? Sure, there’s a cost element to it where you can benefit from labour arbitrage by offshoring to
In practically all mid-size or large companies these days you will find finance business partners or business finance functions with the purpose of bringing Finance closer to the business. However, despite all these functions and teams have been created with good intentions many of them
What’s the number one thing a finance professional can benefit from? If you can only choose one word what would it be? We’ve made our selection! “Variance” Wherever there’s variance in a company it’s a chance for someone to explain and possibly improve company performance.
What’s beyond the current endgame of Finance where transactions are outsourced or offshored and in some cases even automated, analytics is system or robotics driven and frontline interactions are left in the hands of the few finance business partners on whom everything hinges? Finance as
To fully understand the topic of finance business partnering, we need to look at those that the finance business partner support and what is needed to adequately deliver this support. First, I’ll repeat an unscientific survey I did in one of my posts last year.
It’s now time to look at the Business Finance Function but before we go into details perhaps a proper definition of what business finance is would be due. If you do a simple google search on the term “business finance” it will tell you that
Talking about Big Data and Analytics let’s take a closer look at what kind of people you need to be successful in this area. If you want to extract value out of big data, you need to invest in doing so. Like with anything else
When you attend conferences about the development of the Finance Function you often see that half of the breakaway sessions are hosted by various companies selling finance systems whether it’s large scale ERP systems or small niche planning and analysis systems we’ll bet you that