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THE FINANCE BUSINESS PARTNER PHILOSOPHY
Author: Simone Collins, ACCA and FPAC Some years ago, I joined a small company and was asked by a colleague – what is a finance
Joining the dots and business partnering
Disclaimer: Any views or opinions expressed are solely those of the author and do not necessarily represent those of any companies that the author has
DEGLOBALISATION, THE PANDEMIC AND BUSINESS PARTNERING – A BRIEF LOOK
Disclaimer: Any views or opinions expressed are solely those of the author and do not necessarily represent those of any companies that the author has
Giving better financial advice by making sense of the senses
Whilst some of us accountants and finance professionals may be quite robotic and machine-like when it comes to our jobs the majority of us still
“It’s not you, it’s me,” How to Avoid Broken Hearts in Finance
In relationships there’s an often clichéd break up phrase “It’s not you, it’s me” and this is partly true also in Finance when trying to
What key disciplines do you need to become a fantastic finance professional?
A fellow finance professional asked me a couple weeks ago what are the key skills required to become a fantastic accountant, and rather focus on
5 Lessons I Learned After A Year Of Podcasting
In December 2017 I took a journey into the unknown as I’d launched the #SITN Strength in the Numbers Podcast to create more influential finance
Top 5 ‘Must Read’ books for finance professionals
Whilst there are still very few books out there on Finance Business Partnering and Finance Mentoring there are so many others available that detail the
One big thing that makes it difficult for finance professionals to deliver value
There are two types of accountant and finance professional, those that ensure the appropriate controls and compliance are in place so that the numbers are
How to fix the leaky roof in the Finance Department?
In a survey from earlier this year 95% finance leaders said they experienced a skills-gap in the finance function, however telling finance professionals to change their behaviours
How Water Gives Life To Finance Professionals Who Want to Add More Value?
Often I see and hear finance professionals and finance leaders talking about ‘adding value’, but when they are asked to describe what that value is
Do you have a secret passion for creating value with the numbers?
The image is of Gougane Barra, a few miles from where I live in the southwest of Ireland, and it is also where many centuries
Does your CFO view you as an asset or an expense?
Unless you’ve been hiding under a rock you’re well aware of the rate of change impacting many of our enterprises and industries. And, of the
Finance, The New Alchemists of Value Creation
Have you ever read the story of Rumpelstiltskin? You know the one where under threat of death a young woman is forced to seek help
What’s a better education for a finance professional? Getting an MBA or running your own business?
I recorded a podcast this week with a senior finance professional who had also ran his own business and it got me thinking that nowadays
Getting the most out of your Finance Mentors
It was a 15 minute conversation with a Mentor that helped chance the direction and success of my career in Finance. But up until then
How to get your Finance Black Belt for a more successful career?
Recently when talking with a fellow finance professional our conversation switched over to which martial arts style is best? Which is better, jujitsu, kung fu,
3 way thinking for the finance professional and its role in creating value
Most people think that business involves decisions around selling more stuff or spending less money, and accountants would typically record the results of these types
The Finance Professional’s 6 Value Generating Assets You Should Be Aware Of
One of the main truths we know in Finance is that income follows on from assets so long as an organisation is managing them well.
Are finance professionals limiting their potential by focusing on the wrong things?
As accountants and finance professionals we’re expected to have great attention to detail and the numbers, in fact it’s a large part our training, but
Is your Finance department behaving as if the world is still flat?
Over the years Finance professionals, whether having gone through business school or as part of their accounting training, have been taught and introduced to various
Why Two Ears And One Mouth Can Lead To Stakeholder Value Creation
In a previous article I suggested that an effective vision, as much for finance professionals as the organisations we support, starts and ends with value
Is a lack of clear vision holding back Finance professionals?
There’s an old saying: “Where there is no vision the people perish.” PROVERBS 29 VERSE 18 Which means that there’s two types of vision for
How Finance Can Add Value by Breaking Some Windows
One of my favourite parables is that of the broken window fallacy which was first expressed by the French economist, Frederic Bastiat and it constantly
How a slight modification can allow Finance professionals to create value?
The Finance profession grew out of the need to preserve business value by recording transactions and safeguarding the value of company assets, nowadays our organisations
How Finance professionals create value with proper incentives?
There’s an old Irish song that warns of the prison ships lying empty in the bay and this serves as a precursor the importance of
Is the Finance department the one with the most Integrity in organisations?
Finance professionals have always known the value of the word integrity, in fact it is one of our strengths, but nowadays it is probably one
How mowing the lawn can help Finance gain better influence
Currently it’s summer in the Northern hemisphere, and the sunnier conditions along with the odd rain shower means that for those of us with lawns
Two Key Ways Finance Professionals can build trust
In my previous article we discussed the Trust Equation and how individuals and organisations with High Trust relationships could achieve a Trust Dividend whereas Low
What’s the one big thing Finance has always known that drives value better than anything else?
Finance teams have been around since the first organisations were established, around 3000 BC in ancient Mesopotamia, because they knew about one big thing that
Why Your Insights Fall On Deaf Ears And How To Use This To Your Advantage
Generally in Finance & Accounting we want to help our organisations make better, more sustainable decisions. In fact we pride ourselves on presenting our ideas
Knowing your red velvet rope policy to increase your impact and success
Sometimes accountants like to let our hair down so last weekend I was out with my wife in the capital city and we went to
How the ancient art of Kintsugi helps Finance unlock value in your business
After a trip to a local beach my son found a part-open clam shell that he adored. When we went home he affixed some Googly
How to help others adopt a Finance Business Partnering mindset
Previously on our Strength in the Numbers Show I’ve discussed and covered the two megatrends in accounting & finance, digitisation and finance business partnering and
Industry 4.0 And The Consequences For Accounting & Finance Part V: What Can You Do About it?
The opportunity for those in finance careers to be full of fun, meaning and contribution has never been greater, yet in the same breath we
Industry 4.0 And The Consequences For Accounting & Finance Part IV: What Are Employers & Professional Bodies Doing?
Regardless of whether we’re accountants and finance professionals that have already qualified or are in the process of qualifying we put a lot of trust
Industry 4.0 And The Consequences For Accounting & Finance Part III: The Finance Business Partnering Megatrend
Traditionally it was the accountants in the finance team that held the keys to the numbers, we were the sole gatekeepers and if a manager
Industry 4.0 And The Consequences For Accounting & Finance Part II: The Digitisation Megatrend
Technology has become an every-day part of our lives, indeed if you’re reading this article it’s being done on a digital device. Likewise business is
Industry 4.0, Digital Disruption And The Consequences For Accounting & Finance Part I
If you’ve found yourself able to get out of the daily grind of accounting & finance for just enough time to hear the phrases ‘digital
Top 5 ‘Must Listen’ Audiobooks for Finance Business Partners
Whilst there are very few books out there on Finance Business Partnering there are so many others available that detail the broader business skills necessary
How to find the best teachers for Finance Business Partners?
If like me you’ve probably had a number of teachers and mentors at different stages of your life and your finance career. And whilst it
Where we’re going wrong with the next generation of finance professionals
A few years ago I was asked to sit on a panel assessing internal applicants to a graduate finance training program and what I found
Don’t forget our unique strengths in finance & accounting
Whilst walking the floor the other day I bumped into a former colleague who is now a Senior Manager of a Global Services contractor at
How experience trumps knowledge in better Finance & Accounting
Imagine you’re on an operating table and you’ve the option of choosing between a medical student with the best technical knowledge money can buy from
The four seasons of accounting & finance
The role of the accounting & finance team is evolving so that it “ . . . can make an important contribution to improving decision-making and ensuring
Are you laying bricks or building a cathedral?
You may have heard of the old story about a traveller who came across two bricklayers who were busy working… He asked the first worker
A Surprisingly Simple Way Accounting & Finance Can Remain Relevant, Add Value and Have a Great Career
I had finally had enough. With employers complaining accounting & finance graduates don’t have the right skills, with newly qualifieds frustrated they were not getting
A simple productivity tool for the finance business partner
As finance business partners we all tend to be pretty busy and sometimes it can feel that there’s simply not enough hours in the day
How Accounting & Finance go forwards by looking backwards
Accounting & Finance has been around since the earliest enterprises were established however there are two types of finance teams now emerging, those embracing digital
One simple approach for accountants to engage more with others for better results
I came across a joke today that asked “what’s the definition of an accountant?” Answer: Someone who solves a problem you didn’t know you had
The attunement advantage for the finance business partner
There’s been a lot said and written about emotional intelligence, in particular the old saying that before we can walk in another person’s shoes we
How the best finance business partners use accountability to deliver better outcomes
The main purpose of any business is to improve it’s outcomes and depending on whether you’re talking to an economist, marketer, engineer, salesperson or customer
What type of finance team do you work in?
I always thought that there were two types of accounting & finance team; those who are continuing with their traditional, functional and transactional ways; whilst
The Authentic Accounting & Finance Professional
Traditionally accounting & finance professionals have been very much tasked to prepare & report the numbers, and analyse the KPIs, but some of them, the
4 Ways Finance & Accounting Makes a Difference.
I start with a story. Once upon a time there was a young couple who used to go to the beach for a walk together
Knowing your curve to give the best guidance to partners
Finance teams are generally involved in business planning, forecasting and giving guidance to leaders and partners who want to have a fuller view of where