KEY INITIATIVE Finance Function Management Presenter's Name KEY INITIATIVE Finance Function Management Presenter Name here Date here

Overview: Finance function management Top challenges and how Gartner can help In a digital, matrixed environment, success requires the development of skills (e.g., digital dexterity) and structures (e.g., centers of excellence) that most finance teams have not yet mastered. Capturing these opportunities will earn finance leaders reduced costs, increased clock speed and more financially sound decisions, and Gartner is here to help finance executives find solutions to the following questions: How does my finance function compare with the best ones? What finance work should I relocate, where? How do I acquire rare digital and analytic skills in a competitive labor market? The topics we cover include: Finance strategy and org structure: Teach finance executives how to design the strategy and plan the org structure that will accelerate finance’s evolution to match the pace of business change. Finance talent: Define the skills that finance leaders should target next, then enable them to develop these emerging skill sets through an employability- and experience-based (not ladder and training- based) framework.

Finance Strategy and Org Structure

Challenges with finance strategy and org structure 1 2 3 Business support requests are up, but finance budgets are under pressure Finance struggles with where and how to apply emerging technology Matrixed decision making complicates business partnership objectives Four in five finance leaders say that business partner requests for finance data and decision support have increased in recent years. For years, finance department budgets have been flat or declining, leaving finance with the choice of reducing service levels or cutting costs through efficiency gains. Nearly half of finance departments are actively using or testing robotics and other automation tools However, accountability and oversight has not yet shifted for most away from IT and to the finance function Machine learning is being tested in budgeting and forecasting processes, but leaders are struggling to separate hype from reality or to get the most from these systems given existing processes and the team’s skills. Finance is just one source of analysis consulted by business decision makers, making it critical for finance to get the right data to the right people at the right time. Over one-third of companies have implemented a center of excellence model somewhere at the corporate center, but many teams are struggling to decide who should own these CoEs and how business partners should access them.

Questions your peers are asking Topics Key client issues Finance strategic planning What should our strategic plan include and what should it look like when we’re done? How do we run an efficient, yet comprehensive strategy setting process? Finance organizational design How can we centralize for efficiency without losing the pulse of the business? Should we move to a CoE model for reporting and analysis? Finance sub-function design How does our corporate accounting team compare to other, similar companies? How should we structure distributed decision support teams? Location of work Should important analyses like pricing and cost be done at the BU or corporate level? How should we split responsibility for reporting tasks between accounting and FP&A?

Capabilities support each stage of your initiative Diagnose current state Compare finance cost, headcount and process efficiency to peer companies via these finance function benchmarks. Assess the maturity of 37 key finance processes across all parts of the finance function using Gartner Finance Score. Avoid duplicative work: Consult these scope of activities benchmarks and these span of control benchmarks. Develop your plan Learn about the expanding role of CoEs and how to incorporate CoE designs into your plans from this research report. Understand key questions you need to address to optimize functional design from this finance org structure playbook. Build an efficient, yet comprehensive strategy for finance using this Gartner Ignition Guide. Execute and drive change Mitigate impacts that major changes can have on productivity and engagement by following strategies in the change management playbook. Redesign your finance org structure: Consult this collection of finance org structures. Implement a CoE model where appropriate by leveraging the tools included in this Gartner Ignition Guide.

Gartner support organized against your timeline Activity roadmap Initiative 0-90 Days 91-180 Days Finance strategy and org structure Actionable Guidance: Understand key questions you need to address to optimize functional design from this finance org structure playbook. Diagnostic: Assess the maturity of 37 key finance processes across all parts of the finance function using Gartner Finance Score. Consultation: Review the diagnostic results with an executive advisor, identify opportunities for improvement and devise an action plan. Online Toolkit: Build an efficient, yet comprehensive strategy for finance using this Gartner Ignition Guide. Service Associate Support: Learn how peers adapt Gartner resources to fit unique business needs. Consultation: Discuss where to establish a CoE with an executive advisor. Online Toolkit: Implement a CoE model where appropriate by leveraging the tools included in this Gartner Ignition Guide. Benchmark: Avoid duplicative work: Consult these scope of activities benchmarks and these span of control benchmarks. Actionable Guidance: Manage impacts that major changes can have on productivity and engagement by following strategies in the change management playbook. Research Discussion: Stay abreast of emerging issues/trends.

Comprehensive support for the finance leader Finance Leader Effectiveness Personal Effectiveness Change Management Finance Function Management Finance Strategy and Org Structure Finance Talent Cost Optimization and Working Capital Cost Structure Working Capital Indirect Spend Management Indirect Strategic Sourcing Indirect Category Management Financial Data and Analytics Financial Data Management Finance Analytics Metrics and Management Reporting Budgeting, Planning and Forecasting Budgeting and Planning Forecasting IT Finance Internal Control and Technical Accounting Internal Controls Technical Accounting Tax and Accounting Processes Tax Operations Record to Report Real Estate Functional Management Customer Relationship Management Real Estate Strategy and Org Structure Shared Services Functional Management Shared Services Strategy and Structure Shared Services Talent Real Estate Optimization Portfolio Strategy Workplace Strategy Shared Services Optimization Shared Services Performance Management Customer Relationship Management Procurement Function Management Strategy and Org Structure Talent Management Strategic Influence Emerging Trends Indirect Supplier Relationship Management Indirect Supplier Performance Management Indirect Supplier Innovation Indirect Supplier Risk Management Financial Strategy and Investor Relations Capital Structure Capital Allocation Investor Relations Finance Technology Optimization Digital Technology in Finance Finance Technology Strategy and Selection Emerging Technologies and Trends Cyber Security and Digital Risk Management Procurement and Strategic Sourcing Applications Procure-to-Pay Applications Contract Lifecycle Management Strategic Sourcing Applications Driving Cost Optimization Across the Enterprise Baseline Efficiency and Effectiveness Cost Optimization Plan Development Cost Optimization Plan Execution Communication and Leading Change Leading the Next Generation Workforce Key Trends Emerging Critical Skills Key Talent Segments Leadership Style and Structure Driving Digital Business Transformation for Industry Leadership Functional Digitization Digital Business Transformation Digital Business Strategy and Innovation