A Finance Director’s Guide to Business Partnering in Growing Organisations

Partnering finance with other business teams and departments is not about emailing them a report once a month. The ability of finance team members to collate, audit, and produce information makes them ideally placed to help the rest of the business receive timely and accurate information as well as to understand and act on it. If you enable finance to work closely with other departments, it will let finance develop an understanding of ‘why’ questions are asked of them. In turn, it can coach operational teams to understand financial reports, consider the financial implications of what they do, and make better-informed strategic and operational decisions. In order to achieve this sort of partnering, having a strong foundation of reliable, timely, and appropriate data is critical. Modern ERP systems can ensure exactly that.

 

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