CorPeuMCorPeuMCorPeuMCorPeuM
  • Home
  • Contact
  • Strategy TALK

Introducing The Finance Transformation Nine Box

    Home Anders Lindberg Introducing The Finance Transformation Nine Box
    Next

    Introducing The Finance Transformation Nine Box

    By Anders Liu-Lindberg | Anders Lindberg, Strategy Experts | 0 comment | 23 April, 2019 | 0

    Every company is filled with transformation projects in all areas as they continue to adapt to competition, changing demands and a rapidly developing world. However more than any department, you will find transformation projects in Finance. There is a constant flow of transformation going on however few are successful as documented in a study by CEBwhich shows that 70% of the transformation efforts will be unsuccessful. I have previously shared some of my insights into how to make you finance transformation more successful in Finance Transformation Should Be All About… People, but now the time has come, however, to introduce a framework you can use to analyze the current state of your finance department which will help you once you start the next finance transformation project. My company has used all the elements of it during its finance transformation projects over the past 6-7 years and while we are still on a journey we have definitely celebrated quite a few successes already.

    The Finance Transformation Nine Box

    The framework I call the Finance Transformation Nine Box, but unlike other nine box frameworks such as the Talent Nine Box this is less about moving between different parts and more about getting a much-needed structure on your transformation efforts. The Finance Transformation Nine Box looks like this.

    With this framework in hand, you can easily start to categorize your finance department and identify where you need to improve. The overall idea is that you should minimize resources used in the bottom and maximize in the top. This is due to the fact that your business partnering function should be a value creator and have a positive effect on your bottom-line. The transactional accounting functions, on the other hand, are merely a cost magnet. You should not necessarily use more resources on analytics, but you need to do less manual analytics in Excel and start using more advanced data analytics systems. I will be presenting further details on this topic over the coming weeks as well as be a speaker at a conference on Financial Planning & Control later this year in Frankfurt. I am also working on a webinar that will give you more in-depth knowledge about how to apply this framework and the results you can expect to see.

    No tags.
    Anders Liu-Lindberg

    Anders Liu-Lindberg

    More posts by Anders Liu-Lindberg

    Related Post

    • Why Every Company Needs A Plan-On-A-Page

      By Bernard Marr | 0 comment

      In order to be successful and deliver results, organisations need a good strategic plan that is concise, accessible and easy to understand. Many companies make the common mistake of thinking their plan has to beRead more

    • STRATEGY QUOTES: MY TOP 5

      By Jerone De Flander | 0 comment

      Strategy Quote #1. Strategy is a pattern in a stream of decisions” —Henry Mintzberg   Strategy Quote #2. The essence of strategy is choosing what not to do.”  —Michael Porter   Strategy Quote #3.  We don’tRead more

    • 7 BUSINESS STRATEGY PRINCIPLES EVERY LEADER SHOULD KNOW

      By Jerone De Flander | 0 comment

      1. Business Strategy = compete to be unique, not to be the best Strategy is not about being the best, but about being unique. Competing to be the best in business is one of theRead more

    • The CFOs Roadmap To Transforming Finance

      By Anders Liu-Lindberg | 0 comment

      The idea that Finance should transform into an automated, digitised and value adding function has been around for years. Heck, I’ve written so many articles about it myself that it shouldn’t come as a surpriseRead more

    • Part 1/4:  Moving on from Excel

      By yannick peeters | 0 comment

      Blog 1:  Moving on from Excel According to surveys, Excel is still the dominant tool used by organizations for planning. There are many reasons why this is the case, ranging from the fact that everyoneRead more

    • Part 2/4:  Moving on from Excel

      By yannick peeters | 0 comment

      In my last blog, I started to outline how planning becomes more complex as an organization grows.  And as that complexity increases, how traditional planning tools such as Excel start to fail.  But for manyRead more

    • Part 3/4:  Moving on from Excel

      By yannick peeters | 0 comment

      In the last blog, we looked at the range of planning needs within a typical organization.  This requires capabilities well beyond what Excel is able to support.  Not because it is a bad product –Read more

    • Part 4/4: Moving on from Excell

      By yannick peeters | 1 comment

      In the last blog, I looked at the capabilities of enterprise applications that were designed to replace spreadsheet systems for planning and reporting.  We saw how four major vendors dominate the market, and the relativeRead more

    Leave a Comment

    Cancel reply

    Your email address will not be published. Required fields are marked *

    Next

    Categories

    • Anders Lindberg
    • Bernard Marr
    • gary cokins
    • Jeroen De Flander
    • Strategy Experts
    • Yannick Peeters

    Tags

    bernard marr business performance business processes business strategy Corona corpeum Covid-19 CPM dimensions future KPI Management mistakes Model OAM Operational Performance Planning Process platform predictions Strategy strategy execution Technology
    • Home
    • Contact
    • Strategy TALK
    CorPeuM Copyright | All Rights Reserved
    • Home
    • Contact
    • Strategy TALK
    CorPeuM
    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkRead More