Thinking Strategically About Finance Transformation
By Andy Burrows
Finance Transformation should be thought of as a strategy. I get the impression that we don’t think of Finance Transformation like that. We tend to think that the business has a strategy, and functions like Finance just do “transformation” programmes.
I’ve argued in the past that, generally speaking, the CFO’s strategic blind spot is the Finance function itself. In another article, I suggested that CFOs are spending too much time business partnering, so that they don’t give enough strategic thought to the Finance function.
So, this article is all about how we can be strategic about Finance Transformation. In fact, as I said at the beginning, it’s more than that. We ought to think of Finance Transformation as the vehicle for Finance function strategy.
Thinking about strategy makes a difference
My definition of strategy is that, “strategy is a plan of action to achieve an aspiration or overcome a problem.” And...
Ever wondered how Finance can say that they "drive" business performance?
The Finance function in a business doesn't make or sell the products or the services.
So how can we say that we can "drive" business performance? What can Finance do to "create value"?
Download this pdf short guide to discover a framework and approach to do just that!
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