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Powerful Decision Support Tool<br />

Member<br />

Question<br />

How should we<br />

deploy resources<br />

to align to the<br />

needs of the<br />

business?<br />

Key CFO Executive Board Services | 11<br />

Business Alignment Diagnostic Tool<br />

An assessment to ensure Finance is meeting the needs of its business partners<br />

The Business Alignment Tool is designed to help CFOs understand the needs of Finance’s internal business partners<br />

and to align Finance to the critical activities <strong>for</strong> the organization. Business partners and fi nance staff evaluate the<br />

importance and effectiveness of 31 attributes in the following areas:<br />

Importance<br />

to Business<br />

Partner<br />

7.0<br />

3.5<br />

1.0<br />

1.0<br />

Strategic Impact<br />

Per<strong>for</strong>mance Management<br />

Business Comprehension<br />

and Technical Management<br />

High Priorities<br />

<strong>for</strong> Improvement<br />

Attributes here represent the<br />

highest priority <strong>for</strong> additional<br />

focus by Finance.<br />

Process-Planning Excellence<br />

Partnering and Service Commitment<br />

Strategic Partnership<br />

Value Creation<br />

Business Alignment Database Query Result<br />

Most Important<br />

Customer Attributes<br />

Attribute Importance Versus Finance’s Effectiveness<br />

Business Partners<br />

Communication<br />

Confl ict Resolution<br />

●<br />

Constructive Guidance<br />

●<br />

Cost Discipline<br />

Strategy<br />

Alignment<br />

5.79<br />

Business<br />

Partnering<br />

5.78<br />

Strategic<br />

Impact<br />

5.74<br />

Commercial<br />

Awareness<br />

●<br />

●<br />

●<br />

●<br />

●<br />

●<br />

●<br />

●<br />

Objectivity ●<br />

Business Case Achievement ●<br />

Market Guidance<br />

Profi tability<br />

Assessment<br />

Risk<br />

●<br />

Management<br />

Management ●<br />

Finance Reporting<br />

Coaching<br />

●<br />

Strategic<br />

Resource ●<br />

●<br />

Focus<br />

Allocation<br />

●<br />

Strategic<br />

Partnership<br />

M&A Value Capture<br />

● Incentive Structuring<br />

<strong>Financial</strong><br />

Advisory<br />

Business Relevance<br />

Decision Support<br />

Value Creation<br />

Knowledge of Operations<br />

Business Case Development<br />

New Process<br />

Introduction<br />

Finance Shared Services<br />

Commercial<br />

Awareness<br />

Responsiveness<br />

<strong>Financial</strong><br />

Impact<br />

Teamwork<br />

Relationship<br />

Building<br />

●<br />

3.5<br />

Internal Reporting<br />

Requirements<br />

Finance’s Effectiveness as Seen by Business Partners<br />

Attributes in this range are in alignment.<br />

Potential Areas of Overinvestment<br />

Attributes here are areas where Finance<br />

may be devoting excessive resources<br />

relative to what their business partners<br />

value.<br />

7.0

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