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Information Resources Management Association
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Current Situation of the Finance Function

Current Situation of the Finance Function
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Copyright: 2022
Pages: 15
Source title: Building the High-Performance Finance Function
Source Author(s)/Editor(s): André de Waal (Finance Function Research and Development Center BV, The Netherlands & HPO Center BV, The Netherlands), Eelco Bilstra (Finance Function Research and Development Center BV, The Netherlands)and Jacques Bootsman (Finance Function Research and Development Center BV, The Netherlands)
DOI: 10.4018/978-1-7998-6929-0.ch003


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This chapter deals with the current situation of the finance function, which is explained from a historical perspective by first looking back several decades and then working toward the present time. Subsequently, the research into the trends in the finance function over that same period is reviewed. This research shows that there are specific “evergreens,” that is, activities that have taken up a significant proportion of the time of the finance function over the past decades, and in fact still do. These evergreens are described, and in addition, the latest developments—identified from the professional literature—on activities that might become or possibly already are important to the finance function are discussed. This chapter concludes with the core aim of the HPFF framework which is to support the finance function in dealing with current and future developments to meet and exceed its targets.

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