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 a client of mine and as we got talking he mentioned how his boss judged him on his bottom-line performance, nothing new there, but it turned out his team didn’t have any visible finance support.
He didn’t have an accountant to provide him reports? He set up his own invoicing and receiving procedures within his team? He had no financial advice, no decisions support? He even had access to SAP, pulled his own reports and dumped data into Excel. Maybe he didn’t need them? Should accountants and finance professionals be worried?
This Monday Memo is based on the article.