Developing Finance Business Partnering (The Purpose-Driven CFO: Part 9)

Understanding why you do things makes a difference

I’m turning my attention today to Finance business partnering, a subject of growing interest. What is Finance business partnering? And why do we have those roles and job titles within Finance? Why do we need Finance business partners? However, I don’t take it for granted that anyone reading this will have read the other articles…

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5 Reasons a Top Management Meeting Can be Life-suckingly Useless – And How the CFO can Fix Them

Finance mistakes that drag down business

During my career, I’ve sometimes worked at the top level in Finance, and had the privilege of sitting alongside other functional heads in the “Senior Management Team” or “The Exec”, or even “The Board of Directors”. Obviously one of the chief ways we stayed in touch with each other, and with what was going on,…

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What is a Purpose-Driven Finance Function? (The Purpose-Driven CFO Part 8)

Understanding why you do things makes a difference

To date in this series, I’ve been picking activities that we do in the Finance function, and looking into why we do them. That’s the essence of my purpose-driven approach. We’ve worked through some big ones, like budgeting, strategy, financial reporting and financial analysis and others. (The links to all previous parts in the series can…

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What’s Best for Getting Process Efficiency in Finance?

robotic process automation

Here’s Something New You Should Be Considering I am trying to start this article in a way that won’t put people off reading before I even start. And that means going against the SEO principles I’ve been taught, and not mentioning my keyword straight out. You see, I think that the very terminology being used…

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The Purpose-Driven CFO Part 7: The Great Alternative to Analysis Paralysis

Understanding why you do things makes a difference

Part 7 of the Purpose-Driven CFO Series is out today on LinkedIn. You can find it at https://www.linkedin.com/pulse/purpose-driven-cfo-part-7-great-alternative-analysis-andy-burrows. It’s all about financial analysis. Why do we do it? And how does the recognition of why we do it influence the way we do it? I think it helps us to a) be more efficient; and b) present…

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The Purpose-Driven CFO Part 6: Internal Control is for Finance Business Partners Too

Understanding why you do things makes a difference

Internal control is often seen as a boring subject. It conjures up visions of bureaucracy, paperwork, inspection teams with checklists, things which slow the business down. But, as I have said elsewhere, “Saying that internal control is boring in business is like a train driver saying that tracks and signals are boring.” Over the course…

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Working in Finance During a Business Transfer

business transfer and integration projects

Over the years, I’ve worked for three businesses that have been sold while I worked for them. I’ve also worked on acquisition integration programmes. Business transfer is a complex and challenging time. So, I thought I’d share some thoughts that may be helpful if you find yourself managing a team in Finance when you discover…

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The Purpose-Driven CFO Part 5: Don’t Waste Money Doing Projects

Understanding why you do things makes a difference

Another post relating to business projects!? It must be on my mind or something! Perhaps because I’ve just signed up to take my PRINCE2 exams. I don’t know! Be that as it may, I have got to the point in my Purpose-Driven CFO series on LinkedIn where I’m considering the purpose-driven angle applied to projects. Why…

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There’s No Such Thing as an IT Project

IT projects involve business change as well as code

“There’s no such thing as an IT project. All projects in business are business projects.” That was a tweet I put out a while back. And it drew a response from a young programmer. “By the same logic, there’s no such thing as a construction project either. Erecting a new office building is pure business,”…

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The Purpose-Driven CFO Part 4: Financial Reporting for What?

Understanding why you do things makes a difference

Financial reporting is something that Finance is known for. We do it month in, month out. The cycle never stops. No respectable business doesn’t do it. So I reckon it’ll be a challenge encouraging you to actually read my latest part in the Purpose-Driven CFO series. Surely nothing in our reporting processes needs to change?…

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