FSN's Future of the Finance Function Research 2017 finds that business partnering is ill-defined and not delivering

11th May 2017

For several years, there has been growing recognition of the changing and broadening role of the CFO. In all but the most stagnant organisations, CFOs are taking on strategic duties to complement their traditional financial governance role, and embracing performance management and business partnering. Of course, a massive change in mindset and skillset doesn’t happen overnight – this is an evolution that has been several years in the making, and organisations are at different stages of their journey.

Business partners are expected to work alongside other business functions, supporting and advising them on strategic direction using the insight gained through the finance function. That, at least, is the theory. But The Future of the Finance Function Survey 2017 has revealed that their input is often an afterthought, there is a lack of trust between the finance function and other business operations, and business partnering lacks depth and quality.

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The new research “The Future of Financial Reporting Survey 2017” was crowd-sourced from members of the FSN Modern Finance Forum on Linkedin.

810 senior finance professionals responded to the survey covering 23 industries.   56% of the respondents were from Europe, 15% from North America and 10.6% from Asia-PAC.  Approximately half of the respondents were from organisations with more than 1,000 employees. 

The research was kindly sponsored by Aptitude Software; BlackLine; FinancialForce; Oracle NetSuite and Workday. Our thanks goes to these organisations for their enthususiastic support as well as all of the memebers of the FSN Modern Finance Forum who participated.

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