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In a meeting or workshop amongst your fellow operating managers where you are presenting certain salient points you might hear your top or senior management addressing you or your staff as from “Accounts” teams. How do you feel about this? Well by asking such a question you might think that I [...] An actual example of Business Partnering In my previous articles on the changing role of Finance,there were mentioned about finance’s business partnering with other operating managers,the importance to emulate certain traits of world class finance team,seeking and improving performance metrics like cash conversion cycle and many others. Today’s article reported in [...] Skillsets for finance business partnering role In my previous articles on the changing role of finance,I have mentioned about business partnering against transaction processing. Here in this article,I would like to elaborate further that to be able to do business partnering with other operating managers it is essential that we should first:[...] In my articles on transformation of finance role and the recent article on finance personnel embarking another role of gathering and analyzing the financial competitive analysis,I again now touch on another critical mass of finance role which is financial planning. Gone are the days,when keeping the books of account accurately and the timely [...] This third part relates to some suggestions on KPIs that can be established when a company is conducting a cost awareness or effectiveness exercise. Some suggestions are: 1.Targeted Cost Reduction Each department tasked with identified suppliers/costs and % Y-O-Y tasked to reduce Key Performance (Cost) Indicators (KPI) Periodic Tracking and Review 2.Leverage on commonalization of [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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