|Finance and Business-2014|
November 27-28, 2014
The very requirement if a functioning finance function has been going through exceptional transformation since the recent financial crisis. Organizations seem to agree that finance areas that are better connected to the organization are more able to help the company to create and capture value. Finance Business Partners are finance employees that have a deep knowledge of the different facets of the business in which they operate. They have the skills to analyse and the willingness to communicate, challenge, and to influence the business. Finance Business Partners are “ingrained in the organization and are fully engaged.” If this is a definition of Finance Business Partners, this is clearly easier said than done, and examples of true finance business partners are rare as companies find it difficult to incorporate and live these partnering ideas.
During this event, we will investigate the role of the finance function in the overall value creation process, we will determine what is its value proposition, we will work on a business partnering framework that highlights the journey that finance function needs to take to be up to the task, we will distill who our customers are and what they need from us, and finally, we will come up with a working agenda to update capabilities and processes.