Finance needs to quickly close the gap in knowing what the business priorities are.
By leveraging its core strengths — institutional knowledge and memory, long-term thinking, foresight and cohesion related to organization and structure — finance can add true value.
Globalization, advances in technology, increased regulatory reporting, squeezed margins and changing consumer demands have placed immense pressure on the business. The business has had to evolve, shifting its priorities to remain competitive.
In many cases, however, finance has not kept pace.
To break through the perceived glass ceiling and become a true partner to the business, finance must refocus its efforts to provide the right resources with the right skills to address the right business priorities.
And it needs to do it immediately.
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