Business finance organisations have become a key driver in value creation, business planning excellence and providing decision support.
How does business finance help companies create value? The ability to be forward-looking, capability-focussed and to create trusted finance partner roles through the organisations is the key component of leading business finance organisations today.
Business finance organisations have become a key driver in value creation, business planning excellence and providing decision support. In order to excel in business finance disciplines, it is key for finance executives to ensure direction and development and to align closely across the entire business.
In a more volatile and fast-paced business environment, many organisations find it difficult to make the right decisions fast enough when still based on facts and tested assumptions. There is generally a widespread desire to transform finance from being focussed on transactional accounting to becoming a value provider and a trusted adviser to the business to help with better and faster decisions.
At Implement Consulting Group, we strive to move past the discussion about the concept of business partnering and the future role of business finance. Over the past years, we have worked closely with a number of top-tier clients on the development of business finance capabilities. Moreover, we have been actively engaged in business finance development and several transformation programmes.
When embarking on a business finance transformation, there are some key considerations to reflect on:
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