Key Elements for a Functional Finance Strategy
The finance strategy creates the foundation and framework for transformation of the finance function. Functional finance strategies deal with external and internal requirements for the finance team. They consider external megatrends and innovation and make specific what the vision and mission should be, and make what areas will create value for the business clear the decision makers. The finance strategy should include actionable initiatives and tasks, showing what is needed to master the transformation and how the change will be implemented. There are seven finance strategy elements that make up a functional finance strategy.