Financial Performance Management

For businesses to thrive in an unstable environment, adaptability and agility are important. Today’s finance function is increasingly expected to respond quickly to high-impact events. Finance teams need to quickly deliver highly detailed information and telling business insights that will help make sense of a complex and uncertain business environment. Intelligent finance operations can therefore transform the finance function from a transactional department to a strategic asset, enabling finance leaders to quantify and evaluate different possible future outcomes, build scenarios, and strategize accordingly.

Traditional finance operating models mainly focused on cost reduction as a way of improving operations. But now the focus is shifting to finding creative value-adding activities that will drive performance. Finance departments now have to find need new operating models that will enable them work faster and more dynamically so that when data highlights new opportunities for performance teams can work reactively to plan the steps needed to maximize those opportunities.

Such tough demands may lead to the need for a review or complete overhaul of your business’ finance operating model.