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Introduction to Finance Business Partnering
- Fad or Value Add?Presented by Andi Lonnen
Disclaimer
The material and content for this course has been prepared for the benefit of thecourse delegates. The materials and content are intended for training purposes only,do not constitute advice and should not be circulated or be used for the purpose ofadvising clients.
Save as excluded by operation of Law, Finance Training Academy Ltd and/or thepresenter(s) accept no responsibility or liability for any loss or damage caused to you orany third party as a result of any reliance or use by you of the course materials andcontent.
All rights reserved. No part of this publication may be reproduced, stored in a retrievalsystem or transmitted, in any form or by any means, electronic, mechanical,photocopying, recording or otherwise, without the prior written permission of FinanceTraining Academy Ltd.
© Finance Training Academy Ltd
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Aims of this masterclass:
• What is a Finance Business Partner (FBP)?
• Explore what the research says
• How does this differ from the traditional accounting role?
• Why the change?
• Learn our unique 9 Cs FBP Formula™ model
Meet Andi!
• Fully qualified ACCA accountant (FCCA)• Experienced to Commercial Finance Director level• International trainer & conference speaker• Author: Finance & cycle-touring books!
• Chaired various ACCA networks• Articles published: incl Financial Director, FT Adviser,
Business Money, Women Leaders Association & others
• CEO, Finance Training Academy & Finance Business Partner Academy
From Bean Counter….
How are accountants viewed?
What words do other people use to describe ‘typical’ accountants?!
….to Business Partner!
From Bean Counter to Business Partner®
Go find where those beans are grown!
Finance Business Partner (FBP)
• What does the term ‘business partner’ mean to you? What key skills are required?
• What are the key differences between a FBP & a traditional management accountant?
• Are your technical finance skills still required?
What is a Finance Business Partner?
KPMG & CIMA Report
Ernst & Young Report
Deloitte Report
ACCA High Performing Finance Teams
• Hindsight
• Oversight
• Insight
• Foresight
PWC: Finance as a Business Partner
Business Skills – value adding activities
Reactive ProactiveScorekeeper
Accounting Skills – mandatory activities
PWC: Finance as a Business Partner
Business Skills – value adding activities
Reactive Proactive
Scorekeeper Caretaker
Accounting Skills – mandatory activities
PWC: Finance as a Business Partner
Business Skills – value adding activities
Reactive
Commentator
Proactive
Scorekeeper Caretaker
Accounting Skills – mandatory activities
PWC: Finance as a Business Partner
Business Skills – value adding activities
Reactive
Commentator Business Partner
Proactive
Scorekeeper Caretaker
Accounting Skills – mandatory activities
KPMG International Research Report
Business Partner Skillset
• Strategic – big picture, forward looking
• Commercial – business understanding
• Strong communication & presentation skills
• Ability to influence & challenge
• Relationship-building, networking
• Motivation – self & others
• Keen mind for acquiring & using knowledge
• Technical know-how (but not number-crunching)
Orion Partners
Very best business partners have:
– Self belief
– Independence
–Business acumen
–Relationships
–Business results delivery
Traditional Accountant vs FBP
Reasons
Why do you think this changing role has come about?
Risks
Why might business partnering NOT work in organisations?
Everyone a Business Partner?
Does everyone in the finance team need to be a business partner?
Our Unique FBP Formula™
9 Cs FBP Formula™
- for FBP success!
1. Connect & Collaborate
2. Communicating Financial Information Effectively
3. Clear Strategic Thinker
4. Commercial Acumen
5. Change Agent & Challenge the Status Quo
6. Computer / Digital / Automation
7. Curiosity, Creativity & Can-Do Attitude
8. Calm, Confident, in Control
Smile!!
9. Competent Finance Professional
What we’ve covered
• What is a Finance Business Partner (FBP)?
• Explore what the research says
• How does this differ from the traditional accounting role?
• Why the change?
• Learn our unique 9 Cs FBP Formula™ model
Make things happen!
“You can’t build a reputation on what you’re going to do”
- Henry Ford
You have completed the Introduction to Finance Business
Partnering – Fad or Value Addmasterclass!