Cover Subtitle - Working Council for Chief Financial Officers ...
Cover Subtitle - Working Council for Chief Financial Officers ...
Cover Subtitle - Working Council for Chief Financial Officers ...
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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