Beyond the Budget: How Finance Can Help Build Strategic Success

Like other support areas such as HR and IT, the Finance department in many organizations has evolved in recent years to take on a more strategic role in helping reach organizational goals. Business stakeholders have always needed a key point of contact within finance to provide answers and guidance. As the importance of data-based decisions has grown and the role of finance in providing inputs for such decisions has evolved, some organizations have formalized the role of the finance business partner.

This white paper reviews the findings from research conducted in the third quarter of 2022 to gauge the degree to which the finance function offered business partnering services and what trends have emerged among those who have fully implemented a finance business partnership to those who have not.