If it takes your finance team 20 working days to close its books, then it’s fair to say that their relationship with the rest of the business is going to be minimal. And when there is contact, it will probably be fractious
Back office functions have important regulatory, compliance and auditing tasks to undertake. But supporting the business more directly—particularly the ‘front-line’commercial functions—is now on finance’s agenda. And fast-growing organisations must think very carefully about how finance, IT and other back office functions will fit now—and in the future.
This short guide for finance directors and CFOs of growing businesses provides pointers for creating a more fruitful and valuable relationship between finance and the front office