1 / 21

Developing as a Finance Business Partner

Developing as a Finance Business Partner . Judith Strange Develop Global. A little background…. Specialists in Business Partnering and Transformation Finance, HR, IT, Corporate Services

sun
Télécharger la présentation

Developing as a Finance Business Partner

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Developing as a Finance Business Partner Judith Strange Develop Global Slide 1 www.develop-global.com

  2. A little background…. • Specialists in Business Partnering and Transformation • Finance, HR, IT, Corporate Services • c 25% of our work is working with Finance on transformation, business partnering, development, shared services & engagement Slide 2 www.develop-global.com

  3. Slide 3 www.develop-global.com

  4. To Cover We have an hour: • What is business partnering and how does it work in Finance? • Mapping your activity onto a business partner model • What are the competencies for a Finance Business Partner and how do I develop them? Slide 4 www.develop-global.com

  5. Aligning the finance function to strategy What is required by the Organisation’s customers/funder(s)? To meet their needs what must the Organisation deliver? What are the financial implications for managers and employees to deliver what is required? How can Finance support managers and employees to deliver this? How does Finance need to organise itself to meet the needs of the stakeholders and deliver the organisational goals? Slide 5 www.develop-global.com

  6. How well are we doing …. Delivering operational/transactional/processes/reporting Controlling governance/risk/stewardship Enabling insights/coaching/developing/supporting decision making/engagement Strategic shaping/advising/contributing Slide 6 www.develop-global.com

  7. What is driving business partnering? • Common approach/popular • Enforced • Business demand – strategic imperatives, stakeholders • Pace of change – responsiveness and flexibility • Cost and investment - need to add value • Technology Slide 7 www.develop-global.com

  8. The Steps on the Value Chain in FinanceSource: PA Consulting Value Strategic Partner Business Advocate Performance Advisor Time Financial Analyst Slide 8 www.develop-global.com

  9. Slide 9 www.develop-global.com

  10. The Trusted Business Advisor model Financial Leadership ? ? Build deep and trusted relationships Support our customers by being commercial Insight & Solutions Insight and Insight and solutions solutions Proactive Analysis & Decision Support Analysis and Analysis and decision support decision support Be supportive and develop our people Be independent and objective High Quality Reporting & Planning Timely reporting Timely reporting and planning and planning Strong Financial Controls & Accurate Transaction Processing Accurate transaction processing Accurate transaction processing Slide 10 www.develop-global.com

  11. Setting the agenda • Co-piloting the business Financial Leadership ? ? • Valued by the Business • Commercially focused • Innovative and creative Insight & Solutions Insight and Insight and solutions solutions • Proactively engaging • Innovative and creative • Heart of decision making Analysis and Proactive Analysis & Decision Support Analysis and decision support decision support • Clear operating model • Dynamic planning tools • Integrated outputs High Quality Reporting & Planning Timely reporting Timely reporting and planning and planning • Efficient processes • Right first time • Continuous improvement Strong Financial Controls & Accurate Transaction Processing Accurate transaction processing Accurate transaction processing Slide 11 www.develop-global.com

  12. Partner and team Line Manager Manager Business Partner Partner and team Line Manager Partner and team Line Manager Intranet Information, advice, resources Partner and team Line Manager Partners Strategic questions and opportunities Line Manager Centres of Excellence provide specialist expertise Partner Line Manager Partner and team Service Centre) Management Information Line Manager Group Accounting Intranet Information, budget advice Intranet Service Centre Payroll Processing invoices Tax Slide 12 www.develop-global.com

  13. Business relationship management Business Partners Business Partners Consultancy, coaching tactical problem solving Long term thinking, proactive strategic opportunities Governance, specialist advice, technical solutions understanding of best practice, redesign work Routine enquiries, administration, running systems and processes Specialists and Experts Admin/ Support Teams Operational, ‘back office’ Slide 13 www.develop-global.com

  14. 5 5 4 4 Consultant Strategic Business partner 3 3 2 2 1 1 1 1 Support/ Transactional 2 2 Specialist/expert 3 3 4 4 5 5 Slide 14 www.develop-global.com

  15. The Role of the Finance BP Willing, Able, Allowed, • Willing – motivated, self starting, willing to challenge, passionate about the role and making a difference, proactive • Able – skills and knowledge – strategic thinking, relationship management, challenge • Allowed – leadership, culture, support, resources, organisational readiness, stakeholders Slide 15 www.develop-global.com

  16. What’s the difference? From To More proactive Enabling others Longer term solutions Consultative partner • Lots of reactive • Doing stuff • Short term fixes • Telling or being told Slide 16 www.develop-global.com

  17. Where do you spend most of your time? Partner Customer Relationships Expert Willing Helper Slide 17 www.develop.uk.com

  18. Leader Proactive leader, change manager, challenges the status quo and acts as ambassador for Finance with business Expert Providing expert advice, developing leading edge solutions Rel. Manager Effectively managing and contracting with stakeholders, service delivery Competencies of an Finance BP Shaper Consultant Using organisational and commercial understanding to shape strategy and financial plans Diagnosing issues, mobilising resources and overseeing the delivery of projects Slide 18 www.develop-global.com

  19. Exploring the Competencies Slide 19 www.develop-global.com

  20. Development Options • Formal training, workshops – practical focus • Tools and toolkits • Secondments, projects • Networking, meetings, linked-in, visits • 360 degree feedback, informal feedback • Mentoring and coaching • Action learning sets • Cross partner meetings and workshops • Personal development plan Slide 20 www.develop-global.com

  21. Thoughts and reflections • Questions judith.strange@develop-global.com Slide 21 www.develop-global.com

More Related