CFOs agree that an effective Finance team has never been more important in driving commercial success, but our research shows that Finance functions typically underperform, and underdeliver.
The Global CFO Network is the platform Finance leaders use not only to drive their own success, but also to empower their teams to deliver on the promise of a great Finance function. Our mission is to maximise the network to share Finance best practices across companies and industries, learn leadership lessons from within and outside the commercial world, and stay informed on and ahead of the operational landscape.
How important is Finance in driving commercial success?
Global companies have been highly successful in deploying standardised processes and technology, but much less effective in building human capability within the Finance function. Some of the world’s largest companies rely on the Global CFO Network to drive their people development agenda through peer connections, best practice sharing and individualised mentoring and development programs both for leaders and high potentials.
How effective is Finance in driving decision-making?
CFOs continue to battle with the issue of Finance team effectiveness. Almost half of CFOs describe their team as being only 'moderately effective' in impacting the busines. In an environment where multinational companies are facing a raft of challenges - new and old - this is a worrying statistic. The Finance leaders of some of the most successful global companies use Global CFO Network development programs to bridge the gap.
How do Finance budgets compare with three years ago?
Most CFOs having to do more with the same, or more with less. While automation and offshore service centres are generating savings for Finance, on-shore business partnering teams are under greater pressure. The Finance leaders of some of the world’s biggest brands use their Global CFO Network membership to share learnings on Finance productivity and leverage the investment they have in their teams.