Business tips

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 are looking to us to not just preserve value, that’s a given, we’re now being asked to create value just to remain relevant and keep our seat at the table….

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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 incentives and how Finance professionals can use them to our advantage to change organisational behaviour of even unscrupulous people. For instance during the 18th century when ship captains took on…

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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 of the most abused words in the English language. It has become the new word for corporate values, it has become the word to express the fact how good a…

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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 we find ourselves more regularly mowing them but why do we mow them in the first place and what can that teach us in Finance about better influencing others? The…

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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 Trust environments were more like having a Trust Tax. So as a finance professional how can you start to build out these High Trust encounters? The great thing about being…

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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 drove and accelerated value better than anything else, which other functions and teams sometimes forget. This is why organisations then, and even those today, need a Finance team. So what…

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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 eyes onto it, transforming it into “Shelly” until a few days later one of his sisters accidentally stepped on it, fracturing his prized possession into several pieces. . . ….

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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 why it’s important for us to understand the impact of these on traditional accounting & finance, but how do we help others see the importance of these, let alone help…

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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 you might get different answers from maximise profits, create a customer, develop better products, increase revenues to improve customers satisfaction. Ultimately a business is in the business of delivering better…

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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 their businesses are going, but how do we know we’re giving the most appropriate guidance and forecast? Many people compare being in business to experiencing a roller coaster ride. We…

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