Our quarterly survey captures shifts in UK CFOs' opinions on valuations, risks and financing and has become a benchmark for gauging financial attitudes of major corporate users of capital.
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Transforming the Finance Function
A successful organisation demands a successful finance function
Finance is the lifeblood of an organisation and business stakeholders have high expectations of the function’s performance. An effective finance function, which includes all aspects of finance, tax, treasury, and typically risk management, and compliance, makes a positive contribution to the achievement of the organisation’s strategic objectives and to its value creation goals. To be successful, finance leaders must develop the capabilities that will fulfil their responsibilities to the organisation, meet stakeholder expectations and to maintain key business partnerships.
The modern Chief Finance Officer is expected to fulfil an ever evolving and increasingly complex role, also known as the Four Faces of the CFO:
- Steward - providing control over the organisation’s assets, ensuring it meets its compliance obligations and directing the management of risk
- Operator - delivering efficient finance processes to support the production of financial information and driving the cost effectiveness agenda across the organisation
- Strategist - analysing organisational performance and interpreting financial information to support the planning and execution of strategic initiatives across the organisation
- Catalyst - stimulating the wider organisation to execute the changes necessary to support the effective performance of the steward, operator and strategist role.
The demands that each of these roles place on the finance function is very different. Each requires differing capabilities and behaviours, and, potentially, different organisational structures to effectively support each of these roles. The CFO has the difficult task of bringing all of the different disciplines, people and processes together in a seamless finance function that cannot afford to leave any capability gaps.
At Deloitte, we advise finance leaders in both the private and public sectors on the complex financial and business challenges they face. We bring together an unrivalled set of services to support finance leaders to take decisions and to support any resulting change or transformation in their finance capability. The breadth of services combined with our ability to provide independent advice and the capability to support both strategy and delivery sets us apart in the market.
Useful links
Deloitte in the newsGartner recognises Deloitte as a global leader in Finance Transformation Consulting ServicesThe Gartner Magic Quadrant for Financial Management Consulting Services. |
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The digital back office Are you ready for a digital future? |
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Key considerations for CFOs Dealing with the Eurozone crisis. |
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Finance business partnering Being one step ahead. |
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Faster financial reporting Crossing the finish line in 2012. |
