How to Define Value Drivers – a Simple Technique for Business Strategy and Performance Measurement

Getting business strategy right is not easy. The definition of strategy is simple enough: “a plan of action to achieve an aspiration or overcome a problem”. And the process of arriving at the plan sounds so easy: define the objective (vision, aspiration, problem), assess the current state and therefore the gaps, and decide how to…

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Thinking Strategically About Finance Transformation

Finance Transformation should be thought of as a strategy. I get the impression, though, that we don’t think of Finance Transformation like that. We tend to think that the business has a strategy, and functions like Finance just do “transformation” programmes. And this is a general theme I’m building up in framing the presentation I’ll…

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Back to the Future of Finance – Developing the Skills for the Next Generation

Developing skills for Finance to make it fit for the future

What are the skills needed for Finance in business? One of the biggest challenges for the Finance and Accounting profession, Finance professional, and Finance functions in general, is around skills. And whose responsibility is it to create the career pathways, the learning opportunities, and to ensure the right skills, mindsets and behaviours, prevail? In my…

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Please can we stop saying that the future of Finance is all about RPA and AI! It’s not!

So much ink has been spilled about the impact of technology and automation in Finance – RPA and AI and the like – that it’s starting to get a bit tedious. From reading all this stuff, anyone would think that there’s a robot army lining up to make us all redundant! And it’s written as…

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Why the “Future CFO” Should Spend Less Time Business Partnering, Not More

"future CFO" should be primarily a leader

The title of this article may sound strange in an age where Finance business partnering is one of the megatrends in Finance. But bear with me. There’s a good reason why I’m going to argue that “the future CFO” should do less business partnering, and not more. I’m going to start by arguing that, contrary…

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Why Financial Modelling Skills Will Be A Big Career Door Opener For Emerging Accounting & Finance Talent

This article is written by financial modelling specialist, Lance Rubin. You can find more of Lance’s work at https://www.modelcitizn.com/ Background If you have recently been for a job interview or at least just taken a small peek through the door called opportunity then you may have noticed something emerging regarding a new key skill requirement, which…

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The future CFO is now!

“The Future CFO is now!” That’s part of the title I’ve been given for my presentation at the CFO Summit in Milan on 6-7 June 2018. So, I’ve been thinking a bit about how the role of the CFO has changed over the last 30 years…. You know, ever since I qualified as an accountant…

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Driver Based Planning & Forecasting in the Context of FP&A

This article is written by financial modelling specialist, Lance Rubin. You can find more of Lance’s work at https://www.modelcitizn.com/ BACKGROUND When I first came across the term driver based planning and forecasting I was confused. As an ex-investment banker having joined a Finance team the concept of drivers when talking about a forecast or plan was…

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Financial Modelling: Diamonds in the Rough

This article is written by financial modelling specialist, Lance Rubin. You can find more of Lance’s work at https://www.modelcitizn.com/ BACKGROUND Why is it so hard to find Finance staff with good financial modeling skills? Surely all accountants and professional finance people are good financial modelers? When I was leading a large team within the Finance function…

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Humans are Better Than Robots – And That’s Why Automation Makes Sense

robotic process automation

With all the scare stories about “robots taking our jobs”, it’s easy to get the impression that we’d rather have robots doing jobs because they’re better than us. Recently, I had to do a 2-minute explanation of why Finance should pursue automation opportunities. And I was given a PowerPoint slide with 10 or so bullet…

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