A senior Finance Director recently asked me why his Finance organisation isn’t ‘working’. “Why aren’t we delivering more value into the business?”
“I’m sure I’ve got the right organisation structure, and some pretty good people. But we’re just not having an influence on the performance of the business. Why not? What’s wrong?”
The Finance Director was Greg, a divisional FD of a large bank. When we took a good look at Greg’s organisation he certainly had many of the right components in place:
Greg had defined the WHAT of his Finance organisation – the structure and the roles – but he just hadn’t got into the details of HOW his organisation should work in practice:
As a consequence each business partner was working in their own unique way, often in silos with their respective business colleagues.
A handful of Greg’s finance partners were ‘natural leaders’ and successful. But many of them spent the bulk of their time producing unnecessary analysis or ‘churning out the numbers’ and generating reports, despite what the organisation charts said.
So Ask Yourself:
With kind regards,
Managing Director, Arcus Consulting
t: +44 (0) 207 608 5096