The 4 Core Principles of Finance Business Partnering
December 20, 2022
A comprehensive report released by CIMA provides insight into the value of finance business partnering to enterprise value creation.
The report identifies the opportunity of embedding finance business partners within business areas to support decision-making. Digital technologies have enabled organizations to harness more data than ever before. This data can be visualized and analyzed to unlock opportunities. Finance is perfectly situated to lead this transformation by lending a level of analytical and accounting acumen to how this vast new data is consumed
The report explores 4 core principles in the value creation of finance business partnering.
- Create opportunities to open up discussion
- Adopt practices to raise, praise, and mediate different viewpoints
- Use visuals to facilitate a better understanding
- Simplifying coordinating systems to invite scrutiny and generate new ways of constructing knowledge