Fine tuned
David Royle, the finance transformation service line lead at Capgemini Consulting, says that finance directors often have a vision for the role that they want finance to play but do not always articulate the said vision adequately. David Royle works with finance directors in order to help them establish and communicate their visions.
1 September 2007
Publication
Sometimes FDs struggle to develop their own clear vision for their finance function. In such situations they tend to look to the competition to see what market trends are developing. “There’s a lot of ‘followship’ in finance,” says Royle. “What’s everyone else doing? What should we be doing?” Whatever the trigger internal vision or market trends Royle encourages FDs to make sure that their business plan addresses three core components: people, processes and technology. “You need to think about what it [finance strategy] means for people and for organisational design,” Royle says. “Are your processes fit for purpose and have you got the right technology? We’re talking about business transformation in a finance context.”
To read the full article at Financial Director’s web site, click here.
To find out more about finance transformation, click here.
