Capability Building For Next Generation Finance

"Welcome to Finance Transformation Times - One of the emerging newsletter followed by more than 10,000 Finance & Business Professionals globally for latest developments in Next Generation Finance."

In today's article, we are talking about capability building for your promotion into Next Generation Finance roles including Finance Business Partner, Strategic CFO and other Commercial Finance roles.

No one would argue if we claim there is a positive correlation between individual performance and job promotion but one important factor is often forgotten in that equation.

Business Partnering is about mastering the 20 capabilities depicted in the capability ladder below. If a Finance Professional performing as a Strategist but the job description for the role is the Advisor, then one would expect that Finance Professional to get promoted soon.

But you can be the greatest Business Partner and still you don’t get promoted. What is often forgotten is the importance of “Teamwork” when it comes to promotions. Being one of the eight categories in the capability ladder, all Business Partners know how Teamwork is extremely important – building close relations with the business or other departments like tax, audit, and accounting is key for strong business partnering.

But Teamwork is also an important factor in the promotion equation. Having close ties to the Finance Executives who decide on promotions is often the forgotten factor when it comes to who advances to the next level.

If you are not exposed to the Finance executives you are probably not in the next batch of promotions. Getting promoted is not just about what an amazing Business Partner you are, it is also about your Finance Executive network. This is the reason why many Finance Professionals gets confused and/or annoyed when someone else (who might not be as good in their opinion) gets promoted over them.

In a nutshell, becoming world class finance business partner is simply all about Building Relationships, Turning Data into Insights by Leveraging Analytics Intelligence, Tools & Strategy and Bringing Numbers to Life by using the art and science of storytelling.

So go out there and keep providing your amazing insight for the business you support but remember – Getting promoted is not just about who you are it is also about who you know!

If you are aspiring to build all these capabilities, build new connections and want to prepare yourself for your next promotion in emerging areas of Finance, then join us along with some amazing finance leaders in our upcoming high value, high energy & high engagement training workshops in U.A.E and Saudia Arabia on Next Generation Finance, organized by Hub of Finance Transformation - HOFT Academy in collaboration with our training partners from U.S.A - Finance Analytics Institute & Aurora Predictions.

For complete details and to secure your seat, you can visit the below links.

Workshop 1 - Becoming World Class Finance Business Partner

Workshop 2 - Finance Digital Transformation & Analytics Intelligence

For further details or to avail bundle offer and other discounts, just send email at info@hoft-global.co or send message on whatsapp @ 00971-562646830.

Join us and let's transform together to Next Generation Finance