Can Finance Have a Seat at the Strategy Table? Not Without Change, New Survey Reveals.

August 24, 2012 3:00 pm 0 comments Views:

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A NEW CFO PRIORITY:

TALENT DEVELOPMENT WITH A

FOCUS ON SOFT SKILLS

In previous years, the finance function sat mostly on its own and “crunched the numbers” without having much input into daily operations or long term strategy.

However, the finance role has evolved to one that needs to provide sharp and meaningful analyses to business decision-makers.

Can finance hold on to its seat at the strategy table? Not without change.

For a free copy of the complete findings, click here

Research Snapshot

APQC, in conjunction with EPM Channel, recently conducted a survey to better understand trends in finance talent development.

The overriding observation:  both large and small organizations are finding themselves short of finance professionals who are well-trained in softer skills. These are the very people needed to provide key analytical intelligence to senior business decision makers… and enable finance to become a true partner in the business.

The top-level findings are as follows:

  • There is a staggering gap between the potential value that the typical finance organization can deliver to its stakeholders, and the actual value now being delivered.
  • The gap exists because finance is bogged down in transactional work and doesn’t have the time needed to produce meaningful analysis.
  • It is hard to add bandwidth because finance, in general, is not given the tools needed to increase productivity and free people from grunt work.
  • The good news is that there are top tier finance organizations that are delivering game changing value today, even in the face of these common challenges.

To find out what top tier finance organizations are doing differently than everyone else to deliver value to their organizations, download the complete whitepaperclick here.

 

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