Argyle Conversations, June 11, 2012
In conversation with Argyle Executive Forum’s Lily Robertson, Chuck Wise, senior principal-Finance & Enterprise Management at Accenture, explores what it takes to become a high-performance finance organization and the dangers of cutting costs too much.
Wise believes that CFOs often lack detailed information about the cost and performance of their own finance organizations. Other key issues include attracting, developing and retaining talent and the high current levels of volatility.
According to Wise, while there is no one-size-fits-all approach to achieving high performance in finance, the masters excel in three areas:
-
Performing basic activities, like closing the books quickly and accurately.
-
Using analytics to help business leaders make the best decisions.
-
Delivering finance services that are focused on achieving business outcomes and real business value for clients.