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2007

Finance business partnering

By Noel Cullen and Shetal Patel of PA Consulting Group

Financial ManagementNovember 2007

Why can effective business partnering be such an elusive goal – PA's tips on how to make it work.

Most companies have driven out costs and improved accuracy through their investments in enterprise resource planning (ERP) systems, shared service centres and outsourcing. Their finance departments now focus on creating value by providing proactive, business-aware support for strategic programmes and by advising operational managers, allowing them to gain insights into the issues facing the business and make evidence-based decisions.


Many organisations have created finance business partner roles. But too often these fail to deliver the anticipated value. Why has a gap developed between the aspiration and reality of business partnering and how can firms ensure that they get a return from their investment in transforming finance?

 

Time and again, organisations fail to get the business partner role right. The individuals in these jobs struggle to move from accounting to being full strategic partners, leaving the rest of their team unable to meet the high expectations that have been set for them.

 

To learn more about the barriers of business partnering success and the PA strategy to overcome them, please download this article in full as a PDF file, using the link at the top right of this page.

Noel Cullen ACMA is a principal consultant and Shetal Patel ACMA is a managing consultant working in the PA Consulting Group’s finance transformation team (financialmanagement@paconsulting.com).

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* View this article in full, as originally published in Financial Management magazine (PDF, 111Kb)