Case Study: Finance Transformation In Financial Services - Not Just Bookkeepers Anymore

Topics:
Finance Job Descriptions,
Strategic Planning and Analysis
Tags:
Finance,
Financial Accounting,
Financial Service
Source:
Deloitte Touche Tohmatsu

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Overview: Finance departments in most companies traditionally spend too much time on transactional work - there isn't enough talent to support strategic financial analysis. One such company decided to overhaul its approach to finance talent management as part of a larger transformation of its finance function from a tactical numbers shop to a high-performing business partner to the other business units. Company leaders wanted the finance function to deliver strategic analysis and business insights. But finance associates were spending about 75 percent of their time on transactional activities such as paying the bills, which left little time for higher-level activities such as risk analysis and statistical modeling. Moreover, the chief financial officer (CFO) wasn't even sure that the finance organization was equipped with the talent to offer the insights leaders were requesting. Performance management ratings were high, true, but that didn't square with the mixed feedback he was getting from stakeholders. Learn more.

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Format: PDF | Size: 689KB | Date: Jun 2008 | Pages: 2

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