Is finance rising to the challenge?
Against the background of gradual economic recovery, 'Is finance rising to the challenge?' outlines the latest findings from the benchmark analysis of over 100 participating companies. In particular, the report examines whether finance teams are equipped to provide the levels of strategic insight, risk oversight and other key aspects of the 'business partnering' role now expected by many CEOs.
It also looks at how the best performing finance functions (those in the top quartile of benchmark evaluation ratings) are able to meet evolving business needs, balance being a business partner with their traditional responsibilities and ultimately deliver real value to the enterprise.
What comes through clearly from the findings is that while considerably more finance functions now regard themselves as true business partners compared to a year ago, many organisations still lack the necessary capacity and capabilities to fulfil this role. There is also strong dissatisfaction with the quality of management information, especially the kind of forward-looking analysis that could help firms stay ahead in a fast-changing competitive environment.
If you would like to assess the performance of your finance function or discuss any of the issues raised in this report, please contact us.
Click on the link above to download the report.