Question

How should the finance function of an Enterprise be organized.

Answer 1

Answer:

Long gone are the days when finance just reported numbers. Finance increasingly provides operational or enterprisewide decision support in addition to meeting its critical responsibilities in governance and oversight. How do chief financial officers (CFOs) determine the optimal structure to fulfill the dual demands of judgment- and rule-based activities?

“Regardless of the size of the organization, CFOs should base decisions on finance function design on a few key principles,” says Craig Risberg, VP, Advisory, Gartner. “The first step is to settle the issue of centralization.”