Finance Innovation Management Buy-in
Peter Van Craenenbroeck
Office of Finance Advisor on ESG Reporting | Planning | Budgeting | Forecasting | Statutory Consolidation | Management Reporting | iXBRL Filing | Disclosure Management | Intercompany Reconciliation | IFRS16 @prophix.com
To adapt to new expectations from leadership in today’s uncertain times, Finance teams need to provide strategic value by producing rolling forecasts and “what-if” scenario plans. Finance also needs to adopt zero-based budgeting rather than simply plugging in changes to previous budgets.
These advanced techniques are too time-consuming and complex for manual spreadsheet-based processes. To deliver the value your organization expects from Finance, you need new technology and processes.
The solution is Corporate Performance Management (CPM) software. With the right CPM solution, you can use your expertise to create value for your entire organization.
But how do you pitch this investment to the other key stakeholders? How do you overcome the inevitable objections?
? "We don’t have the time or budget."
? "It’s not the right time, and you’re too busy."
? "We don’t have the right people to oversee the implementation."
? "We’d have to retrain everyone in the organization."
? "How will this benefit other departments?"
? "We’re getting by OK with our current system."
To discover a 10-step roadmap to get your Finance team from a constant state of over-stretched crisis management to a value-driving strategic business partner, download the Prophix whitepaper here: How to get Management Buy-in for Finance Innovation | Sigma Conso .