A global CIMA research programme has found that an evolutionary change has been occurring in the finance function, with a drive towards a closer collaborative relationship between finance and the wider organisation.
Traditional structures for the delivery of finance services to the organisation are found to persist, with a separate finance function still the dominant model of delivering finance services to the organisation and responsible for the full range of such services. Nevertheless, there are significant trends in the transforming function that provide mechanisms used to gain cost and process efficiencies but also importantly, to maximise the contribution of finance to the business.
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When I look at the finance people that are successful or viewed as successful by my sales directors or my marketing directors, they all say ‘the ones that were really good business partners.’ They work on the same business agenda with similar objectives that their own teams need to be working on rather than working on a finance
functional agenda. Conceptually that is what is in their minds
Associate Finance Director, Procter & Gamble