"94% of organisations want to increase the time spent on finance business partnering over the next three years"
Deloitte Australia 2013 Finance Business Partnering Survey
Expectations of the finance function in Australian organisations are changing. Not only have recent economic pressure resulted in the need for leaner and more responsive back office functions, but there is now a greater demand from organisations for Finance to drive performance.
This demand requires CFOs to focus attention towards finance business partnering – the role that finance undertakes to support business priorities by delivering insight and value in support of growth and future performance.
Deloitte Australia's 2013 Finance Business Partnering Survey of CFOs from some of Australia's largest public and private organisations showed that organisations have already started to invest in improving business partnering capability:
"39% of Australia finance organisations are investing more than 30% of their time delivering finance business partnering activities."
The survey also revealed that CFOs encounter many barriers to making the transition from the back office to the front office and in most cases it is recognised that there is still room for improvement.
|Changing the focus
Deloitte research, July 2013 | 16 pages