In part IV of my blog post series on IBP for Finance leaders, I will focus on how Integrated Business Planning supports the transformation of Finance from back-office support to a driver of sustainable growth.
Part IV: Integrated Business Planning – Building Future Finance Leaders
As organisations continue to address increasing complexity and rapid change in their businesses they have developed and adopted new ways of working such as Integrated Business Planning (IBP). As part of this evolution, many leading businesses have also identified the need to adapt traditional approaches to organisation design and in particular to address the requirement for more efficient and effective collaborative working across functions.
One notable outcome of this is the vision for the development of the finance function as it transforms from a provider of core, back-office support to encompass a wider remit. This wider remit includes a more impactful role in working cross-functionally to develop and deploy solutions which drive sustainable growth. It is increasingly clear that the deployment of IBP provides an accelerated development path to this way of working as it builds the specific competencies required by finance leaders in this business model (for example, business acumen and cross-functional leadership) and also starts to builds the cultural norms and mindsets in which finance is an integral player in driving business performance.
Read how IBP is helping to develop future finance leaders: http://ow.ly/j4kJ30oaMli
We would like to thank Neil James for his valuable contribution to this article.