Today’s Chief Financial Officers (CFOs) often face the never-ending challenge of maximising and increasing the value the finance function provides to the organisation. If you are a CFO and you feel like you are fighting against a rising tide – know that you are not alone.
Increasing regulatory obligations, technological changes and the ongoing challenges of attracting and retaining skilled staff, have led to finance executives and teams often playing catch up when it comes to adding strategic value to stakeholders within the organisation.
To compete and thrive in this environment, CFOs should rethink and optimise their finance and corporate function. This includes identifying and addressing the productivity roadblocks that exist in almost every organisation, from early stage entrepreneurial companies, rapid growth sectors, right through to large corporate, multinational groups and public sector organisations.
In this article, we have compiled the top five things finance and corporate departments should implement to optimise their value and remove productivity blockers.
Our team can support finance functions in identifying improvements across people, processes and systems, delivering solutions appropriate to the size, scale and ambitions of your organisation.
Original content provided by BDO Australia.
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