Finance Transformation - How to lead an exceptional team
Posting date:21 Jan 2019
We explored the questions surrounding Finance Transformation at the first of our Focus on Finance event series at the Gherkin in November - We then created an insight paper to explore the debates had on the day in more detail.
CFOs, Finance Transformation Leaders and HR Directors joined forces over breakfast to discuss whether transformation requires a person with a finance qualification, if career diversity is more important than a niche specialism and how to drive change in the workplace.
The morning was led by Ed Harding, a CXO, author and coach who has spent 12 years working an interim portfolio of COO, CEO and CFO positions. Ed has four pillars of experience which are finance, technology, business change and financial services and believes that career diversity is a vital attribute to any leader of finance transformation.
Ed noted that despite starting out in the working world as a chartered accountant, he saw that as a passport to other things. Whilst a qualification is important, the ability to engage with the rest of the business has been critical to his success. A room filled with senior finance and HR professionals was naturally filled with debate, opinion and thought-provoking insight into industry but the key debates surrounded the definition of the term ‘lead’ and how you may not require a finance qualification to be a programme director but to lead a transformation, you just might.
The audience also discussed what they termed, the ‘halo effect’ - how you must first get buy-in from the c-suite and watch it filter down and above all, avoid talking about finance during the change, cost or headcount reduction and instead speak about maximising efficiencies and freeing up the time of the business to up-skill a team. It’s all about framing the idea and empowering your team.
The opinions and insight shared at our event has been used in an exclusive white paper focused on finance transformation. If you would like a copy of this paper please follow the link below.