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The finance function has been increasingly successful in streamlining and automating traditional core tasks within compliance and control, which, to put it plainly, leaves us with two possible starting points:
1: We can render ourselves redundant; or
2: We can exploit the resources that automation and digitalisation release in another way.
We believe that a company which has a focus on value creation should choose the latter. The finance function’s professional and analytical competencies have the potential to create far more value than is currently the case in many companies.
In this book, we have given a complete guide on how to become an invaluable partner for the business and ultimately go from being a cost centre to a profit centre. The route to achieving this goes through a systematic development of what we call the business partner mindset. It involves, amongst other things, all employees in the finance function developing a strong business understanding and beginning to see colleagues and managers throughout the company as customers who they must service with value-creating and partnership focused advice.
By the end of this book the reader is now ready for nothing less than starting out on a journey, one that at its heart is a quiet revolution of the finance function’s role within the company and enhancing the value created for customers.