Skip to content


  • Add this article to your LinkedIn page
  • Add this article to your Twitter feed
  • Add this article to your Facebook page
  • Email this article
  • View or print a PDF of this page
  • Share further
  • Add this article to your Pinterest board
  • Add this article to your Google page
  • Share this article on Reddit
  • Share this article on StumbleUpon
  • Bookmark this page

CFOs must chart the course and integrate the business planning

Lars Paredes

Økonomisk Ugebrev

22 December 2013



PA’s Lars Paredes discusses how CFOs should consider implementing a smoother budget process as finance departments evaluate their performance towards the end of the year.

Lars writes: “Far too many companies spend too much time on traditional budget planning and too little time on creating a link between the planning process and the budget process. The budget processes are often done without a visible link to corporate strategy […] but it is possible for the CFO to create a better coherence between the financial objectives and those of the business.”

According to Lars, CFOs and the finance departments are great at planning concrete activities and creating KPIs; however, in far too many companies the CFO’s role is passive. This means that when scheduled activities change throughout the year, there is no link to the financial consequences.

Lars writes: “The finance department should contribute to establishing the strategic initiatives. They must be able to advise the management and deliver intelligence and analysis that support management in making future decisions.”


Lars Paredes is business transformation expert at PA Consulting Group       

To read more about PA's finance expertise, click here or contact us now.

Contact the transport, travel and logistics team

By using this website, you accept the use of cookies. For more information on how to manage cookies, please read our privacy policy.