Finance organizations can be a catalyst for improved business performance by providing actionable information to a company’s most valuable assets – its leaders. Leaders possess a keen knowledge of the marketplace and critical competencies. They combine their market knowledge with internal company information to make operational, tactical and strategic business decisions. The sum of these decisions dictates how well a company performs.
Leaders rely upon information created and communicated by finance to make important decisions. Finance, now more than ever, has an opportunity to increase its strategic value by delivering more relevant and timely information to business leaders. For finance to rise to its growing role, it must transform to overcome its current orientation of skills, processes and tools towards transaction processing and historical analysis. The capabilities implemented through transformation will shift skills, effort and tools towards forward-looking business analysis and deliver the information and insight business leaders need.