Finance Business Partnering

We at Basico have great experience with finance business partnering and can, i.a., help you:

• Define the concept for finance business partnering in your business.
• Develop a roadmap for finance business partnering combined with an individual roadmap for each individual employee, thereby creating a plan for tackling the many barriers to getting from vision to specific actions that we often encounter.
• Identify specific cases through training and specific actions. We will also help you with the follow-up, thereby ensuring that your finance business partnering concept becomes a success.

We, generally, encounter many barriers in companies to moving on with finance business partnering. Often, they are caused by one or more of the following:

• The concept has not been clearly defined.
• A clear plan for success and progress is not available.
• Finance does not have the necessary interest in moving on.
• This issue is given a too low priority - a Basico survey revealed that 60 per cent were focused on finance business partnering, while a mere 3 per cent included the issue among their top-three focus areas.

Finance business partnering can help the CFO establish close relations with business units and stakeholders. In this way, the company's business processes, challenges, and goals are better understood, thereby enabling the CFO to deliver more valuable financial insight and advice.

The CFO can also help build cross-organisational financial awareness and understanding through the incorporation of finance business partnering. The CFO can provide timely and exact prognoses, risk assessments, and scenario analyses by combining financial expertise with business insight and analytical skills. This provides you with a solid base for handling changing financial conditions and making well-informed decisions.

Thus, the CFO has moved from a number cruncher to a role as a more strategic business partner.