{"id":1139,"date":"2018-10-08T22:04:16","date_gmt":"2018-10-08T22:04:16","guid":{"rendered":"https:\/\/fusionpartners.co.nz\/?p=1139"},"modified":"2018-10-09T00:34:08","modified_gmt":"2018-10-09T00:34:08","slug":"the-ever-changing-face-of-finance-teams-in-business","status":"publish","type":"post","link":"https:\/\/fusionpartners.co.nz\/the-ever-changing-face-of-finance-teams-in-business\/","title":{"rendered":"The Ever Changing Face of Finance Teams in Business"},"content":{"rendered":"<p class=\"p2\"><span class=\"s1\">Finance Teams are undertaking a transformation, similar to the one that IT and HR have been on for some time. No longer are finance teams a back office support function and in fact business partnering, truly collaborating and leading with sales and operations teams to drive success, is common place. CFO\u2019s are now highly commercial, operational and able to easily transition into CEO roles as a result of being so close to the business. We work across a large range of sectors and businesses and finance often has a lot to offer, however can at times be disconnected from the business or at times have a sense that they do not have strong voice in terms of driving true business partnering, advice and challenge, where expertise allows. <\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">Conversely where we see less emphasis on the transactional finance and strong efficiencies through automation and technology, we see models that are business partnering focused, targeted on pro active information vs historic information and a higher engagement across the business, which often has a direct link to the bottom line.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><b>TECHNOLOGY AS A DRIVER &#8211; ARE YOU &amp; YOUR BUSINESS KEEPING UP &amp; EVOLVING?<\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">Technology has dually had a considerable impact on the way that finance teams are being structured and how they are adding value, with progressive businesses automating in areas this makes sense for high volume and lower value areas such as AP\/AR and with the adoption of technologies such as XERO, MYOB and the like this has also impacted SME businesses. <\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">As a Finance leader, are you and your team engaging with the business and adopting value add activities, which link to the strategic direction of the business and support and influence decisions in real time and looking ahead?<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><b>FINANCE TRENDS &amp; IMPACT FOR THE FUTURE:<\/b><\/span><\/p>\n<ul>\n<li class=\"li3\"><span class=\"s1\"><b>Cloud Accounting<\/b><\/span><\/li>\n<li class=\"li3\"><span class=\"s1\"><b>Automation<\/b><\/span><\/li>\n<li class=\"li3\"><span class=\"s1\"><b>Social Media Strategy<\/b><\/span><\/li>\n<li class=\"li3\"><span class=\"s1\"><b>Collaborative Accounting<\/b><\/span><\/li>\n<li class=\"li3\"><span class=\"s1\"><b>Outsourcing<\/b><\/span><\/li>\n<li class=\"li3\"><span class=\"s1\"><b>Blockchain<\/b><\/span><\/li>\n<li class=\"li3\"><span class=\"s1\"><b>Different influencing, negotiation and business skills required- as finance leads from the front<\/b><\/span><\/li>\n<\/ul>\n<p class=\"p4\"><span class=\"s3\"><a class=\"button\" href=\"https:\/\/www.flatworldsolutions.com\/financial-services\/articles\/top-5-trends-in-accounting.php\" target=\"_blank\" rel=\"noopener\">www.flatworldsolutions.com<\/a><\/span><\/p>\n<p class=\"p4\"><span class=\"s3\"><a class=\"button\" href=\"https:\/\/www2.deloitte.com\/content\/dam\/Deloitte\/de\/Documents\/Innovation\/Blockchain_A%2520game-changer%2520in%2520accounting.pdf\" target=\"_blank\" rel=\"noopener\">www2.deloitte.com<\/a><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><b>GAME PLAN \u2013 DO YOU HAVE ONE?<\/b><\/span><\/p>\n<ul>\n<li class=\"li2\"><span class=\"s1\">What is your current state of play?<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">What is taking up too much time and not adding value to the business?<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Are there areas that can be more efficient?<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Where are your risks?<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Is your finance team spending time in the business and supporting the direction?<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Are there further areas that time permitting you would like finance to invest in and where are they?<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">What technology solutions may support the above and readiness\/ your budget to implement these?<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Are their tasks you are doing because they have always been done, reports for reporting sake and are their areas that would have a higher return on investment if your focus was there?<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Are you personally across the trends and what other businesses are doing in terms of finance value and how can you apply some of their learnings \u2013 good \/ bad?<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Have you engaged some experts to support you with change?<\/span><\/li>\n<\/ul>\n<p class=\"p2\"><span class=\"s1\"><b>For future discussion on how to structure your team, grow higher engagement between your finance team and the business or to discuss talent in Finance &#8211; reach out today.<\/b><\/span><\/p>\n<p class=\"p2\" style=\"text-align: center;\"><a class=\"button\" href=\"https:\/\/fusionpartners.co.nz\/team\/wayne-smith\/\">Visit Wayne&#8217;s Profile<\/a><\/p>\n<p class=\"p6\" style=\"text-align: center;\"><a href=\"https:\/\/fusionpartners.co.nz\"><span class=\"s1\"><b>www.fusionpartners.co.nz<\/b><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Teams are undertaking a transformation, similar to the one that IT and HR have been on for some time. No longer are finance teams a back office support function and in fact business partnering, truly collaborating and leading with sales and operations teams to drive success, is common place. CFO\u2019s are now highly commercial, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[3,1],"tags":[],"qubely_featured_image_url":{"full":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min.jpg",2250,889,false],"landscape":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min.jpg",1200,474,false],"portraits":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min.jpg",540,213,false],"thumbnail":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min-150x150.jpg",150,150,true],"medium":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min-300x119.jpg",300,119,true],"medium_large":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min-768x303.jpg",768,303,true],"large":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min-1024x405.jpg",1024,405,true],"gts-thumbnail":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min-100x100.jpg",100,100,true],"1536x1536":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min.jpg",1536,607,false],"2048x2048":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min.jpg",2048,809,false],"showcase_featured_posts":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min-600x400.jpg",600,400,true],"showcase_archive":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min-900x500.jpg",900,500,true],"showcase_entry_grid":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min-600x800.jpg",600,800,true],"showcase_hero":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min-1600x889.jpg",1600,889,true],"qubely_landscape":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min.jpg",1200,474,false],"qubely_portrait":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min.jpg",540,213,false],"qubely_thumbnail":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min.jpg",140,55,false],"ultp_layout_landscape_large":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min.jpg",1200,474,false],"ultp_layout_landscape":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min.jpg",870,344,false],"ultp_layout_portrait":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min.jpg",600,237,false],"ultp_layout_square":["https:\/\/fusionpartners.co.nz\/wp-content\/uploads\/2018\/10\/Sharks-min.jpg",600,237,false]},"qubely_author":{"display_name":"fusionwebadmin","author_link":"https:\/\/fusionpartners.co.nz\/author\/fusionwebadmin\/"},"qubely_comment":0,"qubely_category":"<a href=\"https:\/\/fusionpartners.co.nz\/category\/advice\/\" rel=\"category tag\">Advice<\/a> <a href=\"https:\/\/fusionpartners.co.nz\/category\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","qubely_excerpt":"Finance Teams are undertaking a transformation, similar to the one that IT and HR have been on for some time. No longer are finance teams a back office support function and in fact business partnering, truly collaborating and leading with sales and operations teams to drive success, is common place. CFO\u2019s are now highly commercial,&hellip;","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Ever Changing Face of Finance Teams in Business - Fusion Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fusionpartners.co.nz\/the-ever-changing-face-of-finance-teams-in-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Ever Changing Face of Finance Teams in Business - Fusion Partners\" \/>\n<meta property=\"og:description\" content=\"Finance Teams are undertaking a transformation, similar to the one that IT and HR have been on for some time. No longer are finance teams a back office support function and in fact business partnering, truly collaborating and leading with sales and operations teams to drive success, is common place. 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