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Transformation Into the High-Performance Finance Function

Transformation Into the High-Performance Finance Function
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Copyright: 2022
Pages: 27
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.ch009

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Abstract

In the literature to date, a generally accepted approach for the transformation into an HPFF cannot be found. Therefore, the approach for the transformation into an HPO was taken and adapted to an HPFF transformation. This approach, which encompasses a series of key steps and the use of so-called HPFF Coaches, is described in this chapter. In almost every organization, resources are scarce, which forces the finance function to compete for financial budget and people's time against the business (a battle often lost). Therefore, the issue of how to secure a sufficient proportion of an organization's resources for the HPFF transformation is tackled. In addition, ideas from experienced financials on how to realize the HPFF have been collected and are given in this chapter.

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