Challenges
Today, chief financial officers (CFOs) face the challenge of coping with increasingly complex demands on the finance function: providing transparency in external reporting, driving value creation, and facilitating strategic decisions. To successfully meet these demands, CFOs need to create a "world-class" finance function that aligns corporate, financial, and investor strategies. As part of this process, they need to answer some key questions:
How should I define the role of my finance function?
How can I best identify and manage strategic, operative, and financial risks, especially in times of crisis?
How can I build and sustain a world-class finance function with benchmarking processes in each department?
How do I increase the effectiveness of management reporting to best facilitate strategic decisions?
How do I install a value-creation system throughout the organization?
BCG Competencies
BCG’s work with clients on the CFO function is based on our extensive knowledge and research activities, as well as on our project experience with many companies around the world. Combined with our unique strategic perspective and broad understanding of the finance function, these help us develop tailor-made solutions that create lasting value.
We pay particular attention to the specific requirements of our clients, because the finance organization needs to reflect both management culture and the relationships between a company’s corporate center and its business units. In this way, BCG supports CFOs in redefining the role of the finance organization while also improving its design and core processes.
Our practice consists of more than 130 partners and 500 trained professionals at all BCG levels worldwide, all with significant experience in corporate development and corporate finance. Specifically, our corporate-finance task force and cadre and our Value Science Center—a dedicated global group of more than 100 specialists—provide comprehensive support for our clients.