The Finance Business Partner
As a finance business partner, you need to have credibility and influence within the management team. This course looks at the finance business partner role, and how you can develop to take on this key strategic role in your or you clients' businesses.
This course will enable you to
- Become a core part of the management decision team, using financial information to influence and shape outcomes
- Help your business interpret the internal and external environment so that both financial and strategic targets can be achieved
- Understand how best to implement a successful finance business partner approach that results in an effective and respected finance business partner role
About the course
What a business needs from finance is evolving. Increasingly, back office functions have become automated and a different role, that of the finance business partner, has emerged.
The finance business partner plays a key strategic role in a business, and, as a result, has the opportunity to become a trusted business advisor. This requires a different set of skills to the traditional finance back office function. You will be expected to be strategic, focusing on the value of the information you provide, and extracting and correlating financial figures to help your business make relevant decisions, which are closely aligned with your strategic outcomes.
As a finance business partner, you need: to have credibility and influence within the management team, to be articulate and proactive in your approach and, most importantly, to have a thorough understanding of where your business can create value.
This course looks at the finance business partner role, and how you can develop to become a trusted advisor in your or your clients' businesses.
Look inside
Contents
- The finance business partner role
- What is a finance business partner?
- How did business partnering emerge?
- How does it compare to the traditional finance function?
- What are the benefits of the approach?
- What are the pitfalls?
- How widely used is it?
- Current perceptions of finance
- How is the finance function seen by others?
- How does the finance function see itself?
- How does finance needs to change?
- What are the main challenges when introducing FBPs?
- What can go wrong?
- Aligning FBP with business
- What is the typical focus for a FBP?
- What makes a good source of information?
- What are the business requirements for success?
- How do organisations develop business acumen?
- What tools can FBPs use?
- Skills for success
- Where should a new FBP start?
- What is a service delivery mind set?
- How can an FBP add value?
- Who makes a good FBP?
- Why is communication so important?
- How can FBPs build good relationships?
- How can an FBP develop a good skill set?
How it works
Author
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