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Article: Repositioning the finance function: from making policy to designing strategy.
- Article from:
- Accountancy Ireland
- Article date:
- April 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 Institute of Chartered Accountants in Ireland. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The finance function is dead: long live the finance function! This apparently contradictory statement seems to sum up where today's finance function finds itself. The once steady, some would say conservative, and certainly the oldest of business functions is under greater pressure than ever before to change. This means saying goodbye to a way of working that has suited businesses for many decades, and moving on to a fresh approach better suited to the enterprise of the 21st Century.
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Many organisations are already working to change the shape and capability of their finance function. Others are struggling with the transition. Some are not even ...