What’s your finance function like: Confused, good or high performance?
In my experience of reviewing finance functions there are 3 performance statuses into which they can fall:
Financial confusion or blindness indicating a lack of preparedness to invest in and value the benefits of decent financial management. Lack of clarity of where the business really stands follows and all the confusion this brings.
Good financial control where the basics are all being well looked after. Financial management is robust providing a decent platform on which to manage the business to a level.
High performance financial management is seen where management have taken significant steps to go beyond the basics and are really driving value from the finance function and its integration with other aspects of the business.
Bellevue Partners can carry out a healthcheck to help you improve the performance of your finance function. Feel free to get in touch if you are interested or have any questions.