This report identifies the key factors that constrain many CFOs and prevent them from acting as effective strategic partners with their C-suite colleagues.

1. Upping your game:
Realigning the four
faces of finance
Are CFOs spending their time where they want to?
Yet, just are actually doing that.
of CFOs say they should be
helping shape and define
their organization’s strategic
direction and translating that
into operational plans.
CFOs need to
“up their game”
by realigning finance to focus
on activities that create greater
value for their organizations.
DETERMINE
SYSTEMS
NEEDS.
INVEST IN
PEOPLE.
UPGRADE
PROCESSES.
CREATE A
FINANCE
VISION AND
TRANSFORMATION
PLAN.
STREAMLINE
REPORTING.
use obsolete or
fragmented systems
still rely on
spreadsheets to
prepare budgets
still use manual
processes with
no automated
capabilities
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Upping your game:
Realigning the four faces of finance
Organizations
must ensure
these investments are
used to drive meaningful HR
transformation—not just prop
up the status quo.
of organizations have already
moved finance to the cloud or
are in the process of doing so.
Although many
CFOs told Deloitte
they had no immediate
plan to upgrade
finance to the cloud…
…With poorly integrated technologies and processes...
Many finance teams rely on “bolt on” transactional reporting
systems that require manual workarounds with a heightened
risk of errors and fraud.
…Leaving them stuck on the quarterly reporting
treadmill.
When one period’s reports are complete, they must
immediately start on the next period’s reports,
leaving little time for anything else.
Most finance teams
operate without
systems or with
outdated systems…