Transforming traditional finance moving beyond bookkeeping and financial reporting to become strategic business partners.
Today’s business functions demand immediate access to a wide scope of information beyond traditional financial reporting. Comparison with budget, last year, and forecast delivered once a month no longer satisfies the needs of a fast-paced business environment.
The growth-oriented business cannot wait six to eight business days into the next month to begin accessing results and analyzing the previous month’s performance.
Due to this reality, CFOs and finance leaders are increasingly called on to work with business unit leaders to identify growth opportunities that achieve long-term strategic goals.
Finance functions can make the transition from bookkeeping and financial reporting to strategic partners by aligning with leaders to develop a greater understanding of how value is generated through different channels. This transition will empower finance leaders to proactively support the organization’s growth opportunities.
When CFOs become strategic business partners, they increase decision-making capabilities in the language of business as well as finance. The integration of processes, resources and technology, while leveraging business intelligence (BI) and analytics solutions, provides the insights that business leaders require to make better informed decisions.
To find out how ProgresSum can help your finance organization achieves its transformation with our customized solution please contact us at contactus@progresSumanalytics.com