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Best Practice

The Agile Finance Business Partner

By Anders Liu-Lindberg, The Business Partnering Institute

It is 10 AM Monday morning and agile teams within a financial services company are about to start their fortnightly sprint planning meetings. Preparing for the meeting, the product owner of one agile team spent an hour with his finance business partner. The business partner had reviewed the sprint backlog and made a financial assessment of each of the items in the backlog. 

They discussed the pro’s and con’s of each item considering the benefits for the customer into the discussion. In preparation for the meeting, the business partner had assessed how each item could positively impact the customer experience and brand reputation of the company. Utilizing this input, they jointly did a holistic scoring of each item considering both financial and non-financial metrics and prioritized what items should go into the next sprint.

How CFOs can make the most of business intelligence

Big data has meant chief financial officers are investing in smart software which can increase their effectiveness and standing with the board.

From Generation CFO

pexels photo 1400249The explosion of data in companies has left many chief financial officers (CFOs) struggling to manage the information. The result has been a surge in finance chiefs implementing business intelligence and analytics tools to help them address the issue. But these tools bring many challenges and opportunities that are forcing CFOs to redefine their data strategies, skills and mindset.

Gartner forecasts global revenue in the business intelligence and analytics software market to grow from $18.3 billion in 2017 to $22.8 billion in 2020. Most of this (79 per cent) comes from CFOs as finance is the department that most often invests in analytics, according to Deloitte Touche Tohmatsu.

How are you going to lead finance to 2020 and beyond?

The Summit’s Advisory Board predict 5 critical levers

future of finance summit 2019 report covIn the run-up to Future of Finance and CFO Summit 2019, the event’s Advisory Board, responsible for shaping and guiding the 2019 agenda, were asked what they thought about the most significant opportunities presented by People – Technology – Business Partnering – and Data. Here’s what they said (it’s a great cheat sheet on how to really focus your powers on what matters!).

Download the report in full here.

 

Finance - are you checking your T&E blindspots?

We learn about blind spots when we first start driving, but it’s easy to forget to check them. It isn’t just driving where blind spots crop up. A recent survey of UK finance leaders revealed that 81% have got blind spots when it comes to their company’s travel, expense and invoice spend. Considering that a typical company spends over 10% of its annual budget on T&E alone, not having complete visibility has serious implications.

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Please fill in the form below to access our exclusive Focus Week videos