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Services
Business Partnering
- Re-organisation or M&A
- Over emphasis on report production and not on value add services
- Business dissatisfaction with Finance
- New CFO or CEO
- Symptoms of dysfunctional Process
Drivers of Change
- Limited insight into past and future performance
- Focus on transactional activities rather than value add
- Finance not involved in strategic decisions
- Lack of commercial acumen and skilled resources
- Reports do not provide timely insights for decision making
- More time is spent gathering data instead of analysing it
- Little insights from large data
Common Symptoms
- Finance supports and challenges the business, creating value by improving the quality of decisions (e.g. investment appraisal, pricing strategy)
- Provide financial leadership in determining strategic business direction
- Understand the business strategy and provide highly relevant insight
- Ensure that a chosen business strategy delivers the highest financial value at an acceptable level of risk
- Shift from transactional to value add activities
- Reduced overall cost due to scrutiny of Finance over business decisions
- Improved planning and reporting capabilities
- Increased control environment and better risk management
- Better insight into data and use of reporting / performance management tools
Benefits and outcomes