Standard Life  – Transforming Business Decision Support

Context

Standard Life UK established a Business Decision Support organisation (finance business partnering) a couple of years ago. It’s been successful at delivering a higher business performance, with an initial focus on managing costs.

Client Question

What’s the opportunity to make a step-change in the value we add to our business, with a focus on delivering our ambitious growth plans? And how should we go about it?

How we helped our client

• Worked with the business leadership teams to identify the value-adding opportunities for Finance, through structured interviews and workshops
• Prioritised the most valuable business decisions and strategic business opportunities with the business leadership teams
• Identified gaps in skills and capabilities in Finance; and re-defined roles, skills and organisation to close the gaps
• Identified improvement opportunities ranging from a new approach to driving business decision-making to re-prioritising how Finance spend their time
• Developed a clear roadmap for transforming finance business partnering
• Coached and trained the Finance teams to mobilise and implement the changes, and deliver the business value benefits.