Finance operating models are designed to dictate how the finance function delivers value back to the business. Finance operating models address three fundamental principles to enable finance teams to succeed: capacity, capability and collaboration. By making these three areas a priority, finance teams are set up in the best possible way to drive strategic value in a business.
It is also crucial that an organisation’s finance operating model is supported by functionality within the organisation’s accounting solution. Without this, the hard work which is put into the values and structure of a finance operating model won’t be as effective and the effort will be wasted as the processes in your technology do not match your strategic goals.