Some senior finance professionals believe that the constant challenges of the 2020s so far have obliged their teams to improve the quality and quantity of their communications both internally and with the rest of the organisation. This has altered both how financial managers approach their work and how their non-financial colleagues perceive them.
A sense of community has prevailed, with everyone in the supply chain working together so that as many members can survive as possible
Fionán Dunne, CFO at identity-verification specialist ID-Pal, is one of them. He says: “Finance people have traditionally focused on efficiency, but there’s been a realisation that they must take a broader view. Having spoken to peers, I think that our function has become much more engaged across the organisation and it’s getting involved in projects at an earlier stage. We’re coming to be viewed as collaborators rather than gatekeepers.”
Dunne adds that finance teams are more routinely taking a “business first, numbers second” approach. By this, he means that they’re balancing their core responsibilities of fiscal prudence against the growing onus on them to help the enterprise achieve its commercial objectives in difficult trading conditions.
Full article can be read here: https://www.raconteur.net/risk-regulation/how-the-permacrisis-era-is-reshaping-the-finance-function/