The Evolution of the Finance Function: Teaming with Business Management to Adapt and Thrive--A report prepared in collaboration with Microsoft

Sponsored By CFO Research Services

Topics:

Finance & Risk Management

Technology

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Abstract:

As business units envision and create—or refine and rebuild—business models, finance takes an increasingly important role as their partner. In our survey and interview program among senior finance executives, we found that finance teams are eager to move beyond their traditional accounting and compliance functions and apply their expertise to the core of the business—those activities that are most directly tied to the company's success or failure in the marketplace. Being seen as a full partner in collaboration with business managers is one of the most important factors for success in achieving the most dramatic improvements. This report explores how the finance function works with business managers to demonstrate the value that their informational capabilities and analytical acumen has for improving and expanding the business' core products and services.

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