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Finance business partnering – in perspective

Changing the focus of Finance

"83% of organisations want to further increase time spent on Business Partnering over next three years"  
Deloitte 2012 Finance Business Partnering Survey

Expectations of Finance are changing. Not only has the recent shift in external pressure resulted in the need for leaner and responsive back office functions, but there is now great demand from the business for Finance to drive business performance. This demand is driving CFOs to turn their attention towards Finance Business Partnering. This opportunity to redefine and invest in Finance Business Partnering has been further enhanced by:

  • The explosion in the quantity and variety of data available
  • Commercial demands of new business models
  • Opportunities presented by digital transformation

Take a look at our Finance Business Partnering – in perspective videos

Download a copy of the finance business partnering survey report

Many organisations have already started to invest in and develop Business Partnering capabilities. In a recent Deloitte survey, however, CFOs are now facing the challenge of how to translate this capability into real, tangible benefits for the organisation. Making the transition from the back to front office is not always an easy endeavour and in most cases it is recognised that there is still room for improvement.

"34% of Finance organisations already invest more than 30% of their time delivering Finance Business Partnering" 
Deloitte 2012 Finance Business Partnering Survey

Responses from our recent Finance Business Partnering survey mirror the challenges we see in practice:

  1. The tangible value of partnering activities is not well understood, making it difficult to identify priorities and focus areas for developing Finance Business Partnering capabilities.
  2. Internal information is frequently not credible or accessible, and external data is not commonly considered a key input for Finance Business Partners, meaning that they do not have the tools that support them in making good decisions.
  3. Leaders recognise that partnering often requires a new set of skills and behaviours within their teams, but are unclear about what competencies people do need, and how to develop and retain this different talent pool.

Download a copy of the Finance Business Partnering survey report.

Key contacts

  • Malcolm Wilkinson
    Partner, Finance Business Partnering Lead

Highlights

  • Changing the focus – Finance Business Partnering
    How finance are achieving buy-in from the business.
  • Leading consumer brand company
    Addressing the information challenge.
  • Leading global education and publishing company
    Addressing the talent challenge.
  • Leading global pharmaceutical company
    Addressing the strategy challenge.
  • Finance Transformed Blog
    Sharing insights, ideas and addressing industry issues.

Useful links

  • Submit a request for proposal
  • Contact us
  • Back to Transforming the Finance Function homepage

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