Your finance department should be adding value to your business
Your finance department should be adding value to your business
Your finance department should function effectively as an value added service and not a cost centre. Many companies traditionally assume they are a back office necessity of doing business, the traditional view. Recognising that all functions of the business flow through the finance area in some way or another puts them in prime position to provide an added value service to the business……..it just needs buy-in from the directors and delivery from finance.
| Traditional View | Value Added View |
|---|---|
| Transactional | Strategic planning |
| Sales | Forecasting – P&L, Balance Sheet, Cash Flow |
| Purchases | Facilitator of change |
| Payroll | Business partner |
| Taxes | Risk analysis |
| Management accounts | Funding |
| Statutory / Audit | Control function |
| Historic view v Budget | KPI business monitoring |
Contact MW Interim Finance to see how we can assist your business.