Finance Transformation Leaders
On the Line and Off the Record
A Global Research Study
Not every finance transformation (FT) initiative feels like a cyclone coming ashore, but plenty of them do. And for good reason. Major projects can challenge even the most experienced leaders, especially when there are other closely related initiatives underway at the same time.
Transformation can require opening the door to often unanticipated projects that frequently multiply complexity fast. At the centre of most projects there is a Finance Transformation leader who is responsible for making it happen across complex protocols and with multiple teams.
“It’s harder to rewire people than machines.”
- FT Lead interviewed as part of study for “Don’t quote me on this; Finance transformation leaders–on the line and off the record” report.
These leaders have learned to make light of a serious reality: finance transformation is hard work - the toughest job you’ll ever love. Many of the challenges and obstacles faced by FT Leads can be negotiated much more easily with the right game plan - one built on the insights of those who have already been there, and done that. “Don’t quote me on this; Finance transformation leaders - on the line and off the record,” reflects the insights from FT leads that have weathered the transformation storm.
About this survey
In July and August 2010, Deloitte US conducted more than 25 in-depth interviews with finance transformation leaders from some of the world’s best-known companies. Their mission was to get a front-line perspective on finance transformation from those who know from experience - and translate those findings into practical advice for people who lead or sponsor FT initiatives. This insight into that experience collects key learnings from those discussions and shares them in a punchy pragmatic style.