A CFO who can give an accurate report on the financial position of a firm with great detail and insight on time is empowered. A precise financial snapshot explains competitive positioning for the future and enables planning that is workable, constant and flows.
It also indicates the way finance handles and uses the data the organization generates to portray the business in the right way. Financial change is crucial in how the finance department works to achieve a substantial improvement in performance by delivering services that meet the requirements of the business better. This takes time to implement and needs to be split into multiple projects.
Supporting the business is the main reason for beginning a finance transformation. It also adds value to clients and gives shareholders better returns. It might be about improving the efficiency of the finance function works and address ways the finance department could be a better working environment.
A transformation program is an ongoing journey. Recap on why you instigated the programme, the goals and milestones and ensure the programme is the path of success.
Finanzchefs stellen sich einer neuen Realität, wenn sie ihre Arbeitsweise ändern und ihre...