GrowCFO Competency Framework

PART 1 of 3:

Foundation Skills

The first 15 questions relate to your Finance Transformation Foundation Skills which are essential requirements within your role and support all your other activities.

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Team
Fundamental Pillars
Available values for Topic 1
Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score.
How would you rate your understanding of how finance functions work? (operations, processes, controls, data, systems, roles, stakeholders)*
- Demonstrates a basic understanding of how finance works (operations, processes, controls, data, systems, roles, stakeholders).
- Robust understanding of how finance works.
- Experienced finance professional with hands-on broad experience operating within finance.
- Highly experienced finance professional with leadership experience operating within finance.
This field is required.
How would you rate your experience in working with or leading finance team processes?*
- Demonstrates a basic understanding of financial processes.
- Robust understanding of overall financial processes, with specialism in one or more areas.
- Strong understanding of overall financial processes with comprehensive experience of one or more operational areas.
- Holistic understanding of end-to-end finance processes, highly experienced in multiple finance areas.
This field is required.
How would you rate your experience in understanding business operations? (For example product, sales and procurement)*
- Demonstrates a basic understanding of business operations.
- Robust understanding of business operations with some appreciation of how they interact with financial processes, systems and people.
- Strong understanding of business operations and their alignment with financial processes, systems and people.
- Holistic understanding of business operations and their alignment with financial processes, systems and people.
This field is required.
How would you rate your experience in working with finance transformation, or transformation frameworks?*
- Limited familiarity with finance transformation.
- Applies basic finance transformation frameworks.
- Able to apply and tailor conceptual finance transformation frameworks.
- Pioneers groundbreaking transformation approaches, creating unique frameworks for visionary change.
This field is required.
How would you rate your ability to apply transformation best practice in your role?*
- Have a limited understanding of industry best practices.
- Understands some best practices and experimenting in applying them in some situations.
- Applies industry best practices, adopting leading-edge technologies and driving continuous improvement.
- Excels in implementing best practices across finance, fostering a culture of innovation and excellence in finance transformation.
This field is required.
Transformation Strategy
Available values for Topic 2
Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score.
How would you rate your experience at planning a transformation strategy, and getting alignment on objectives across the organisation?*
- Appreciates the importance of developing a finance transformation strategy, vision and objectives.
- Plays a role in developing finance transformation strategy, vision and objectives.
- Responsible for developing finance transformation strategy, vision and objectives with some level of success.
- Exhibits experienced leadership at shaping and influencing the overall finance transformation strategy, vision and objectives.
This field is required.
How would you rate your experience in assessing the current state of your team and its transformation needs ?*
- Can support the team in documenting assessments of current finance processes and systems.
- Conducts current state assessments, identifying pain points and inefficiencies.
- Conducts comprehensive current state assessments, identifying pain points and inefficiencies, outlining key transformation priorities.
- Leads the overall evaluation of the entire finance ecosystem, presenting impactful summaries of issues and priorities.
This field is required.
How would you rate your experience in developing targeting operating model? (How our finance team should ideally work)*
- Not really sure what a targeting operating model is, or how it would be helpful to us.
- Brings meaningful insight to the development of a target operating model.
- Key contributor to development of the overall target operating model, incorporating industry best practices and organizational requirements.
- Leads the development of the overall target operating model incorporating industry best practice, tailored to organizational requirements.
This field is required.
How would you rate your experience in project planning for transformation?*
- Supporting role in managing project timelines and resources, or mostly managing own time.
- Creates detailed project plans, outlining milestones, deliverables, and resource allocation for successful finance transformation projects.
- Utilizes advanced project management methodologies such as Agile, executes complex finance transformation projects with precision and agility.
- Masters project planning, orchestrating multiple finance transformation initiatives, and delivering successful outcomes within established timelines and budgets.
This field is required.
How would you rate your experience in engaging stakeholders in change and transformation?*
- A basic role in stakeholder engagement, building communication and collaboration skills to identify their perspectives, often working reactively.
- Engages stakeholders proactively, fostering buy-in and support for finance transformation projects across the organization.
- Navigates complex stakeholder dynamics, building strong relationships, and aligning diverse perspectives to drive consensus.
- Excels in stakeholder engagement, leveraging influential communication, and negotiation to secure alignment and commitment at all levels of the organization.
This field is required.
Process Optimization
Available values for Topic 3
Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score.
How would you rate your experience in process mapping?*
- Supporting role in process mapping and documenting existing workflows.
- Demonstrates the ability to map finance processes accurately, identifying pain points and inefficiencies within the current workflows.
- Strong ability to map finance processes accurately, identifying pain points and inefficiencies within the current workflows.
- Masters process mapping, creating comprehensive process maps that serve as blueprints for transformative optimization, or leads teams to do so.
This field is required.
How would you rate your experience in process redesign?*
- Supporting role in redesigning finance processes, requiring support to propose meaningful changes for optimization.
- Proposes process improvements, streamlining finance workflows, and implementing best practices to enhance efficiency.
- Leads process redesign, recommending transformative changes that optimize finance for peak performance.
- Orchestrates revolutionary process redesigns and drives end to end game-changing efficiencies, or leads teams to do so.
This field is required.
How would you rate your experience in testing new ideas, experiments and pilots to drive efficiencies and productivity?*
- Supporting role in conducting pilot tests for process improvements, or not sure of the relevance to the role.
- Executes pilot testing for proposed process improvements, evaluating their feasibility and fine-tuning solutions before full-scale implementation.
- Designs and conducts sophisticated pilot tests, analyzing data and feedback to validate proposed process optimizations.
- Masters pilot testing as a tool for successful process implementation, employing real-world testing to ensure seamless execution, or leads teams to do so.
This field is required.
How would you rate your experience in performance measurement of transformation projects and change initiatives?*
- Supports the set up and monitoring of performance metrics, or not sure of the relevance to the role.
- Contributes to the development and monitoring of relevant performance metrics to measure success.
- Drives the creation of measures of success, carefully defining relevant performance metrics.
- Develops comprehensive performance measurement frameworks clearly linked to strategy and objectives.
This field is required.
How would you rate your experience in continuous improvement?*
- Supports the team’s continuous improvement efforts and upholds a culture of innovation, or not really sure what this means.
- Applying some of the techniques of continuous improvement, such as Agile, to make progress during less busy times of the year.
- Promotes a culture of continuous improvement, encouraging teams to identify and implement incremental process enhancements.
- Instils a relentless pursuit of improvement, fostering an environment where iterative optimization is ingrained in the finance function's DNA.
This field is required.
PART 2 of 3:

Implementation Skills

The next 15 questions relate to your Finance Transformation Implementation Skills which are essential for delivering the future changes required to your finance function.

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Technology and Automation
Available values for Topic 4
Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score.
How would you rate your experience in process digitization, standardization and automation?*
- Supports the team’s work in transitioning from manual to digital workflows, when called upon.
- Occasionally identifying opportunities to digitise and automate workflows through simple automation tools.
- Demonstrates the ability to digitize finance processes, using automation tools to streamline and optimize routine tasks.
- Executes sophisticated process digitization, leveraging advanced technologies to improve process efficiency, accuracy, and data visibility.
This field is required.
How would you rate your experience in software and vendor selection?*
- Have not been involved in selecting software.
- Researches suitable vendors and solutions when required.
- Conducts thorough evaluations, selecting finance software and vendors that align with transformation objectives.
- Applies considered scoping and criteria, conducts thorough vendor selection evaluations, negotiates contracts, and secures partnerships with top-tier technology providers.
This field is required.
How would you rate your experience in implementing new enterprise resource planning (ERP) tools?*
- Not been involved in and don't really understand what would be required.
- Supports the implementation of ERP systems when requested.
- Implements and optimizes ERP systems.
- Leads ERP implementation projects, customizing ERP modules to meet the specific needs of finance functions and integrating with other systems.
This field is required.
How would you rate your experience in systems implementation?*
- Not been involved in and don't really understand what would be required.
- Supports the implementation of finance systems when requested.
- Manages finance systems implementation, ensuring smooth execution, and minimal disruptions to finance operations.
- Leads complex finance systems implementations, collaborating with cross-functional teams to achieve transformative outcomes.
This field is required.
How would you rate your experience in software integration?*
- Not been involved in and don't really understand what would be required.
- Plays a supporting role in software integrations when required.
- Integrates finance software and systems, creating data-driven ecosystems that streamline financial processes and reporting.
- Excels in intricate software integration projects, harmonizing disparate systems for real-time insights and analytics, or leads team to this.
This field is required.
Data Integration and Analytics
Available values for Topic 5
Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score.
How would you rate your experience in identifying and assessing the quality of important data?*
- Little to no experience of identifying critical data elements for finance transformation, requiring guidance in data relevance assessment.
- Identifies essential finance data elements, aligning them with transformation objectives and performance metrics.
- Excels in data scoping, recognizing key data inputs for strategic analysis and decision-making during finance transformation.
- Possesses a holistic data vision, recognizing valuable data sources to inform innovative finance-led transformation initiatives.
This field is required.
How would you rate your experience in capturing and storing data?*
- Lacks experience in capturing and storing finance data effectively, requiring support to maintain data integrity and security.
- Ensures accurate data capture and secure storage, implementing robust data management practices for finance processes.
- Establishes data governance frameworks, optimizing data storage and accessibility to facilitate real-time analytics and insights.
- Architects state-of-the-art data ecosystems, leveraging advanced technologies to capture, store, and safeguard finance data.
This field is required.
How would you rate your experience in transforming and integrating data?*
- Lacks experience in transforming and integrating data for analysis, needing assistance in data transformation processes.
- Some experience of automating basic data flows and quality checks.
- Executes data transformation and integration, aggregating data from multiple sources to derive actionable insights.
- Utilizes data integration tools, creating automated data harmonization processes for comprehensive financial analysis and reporting, or leads team to do so.
This field is required.
How would you rate your experience in analyzing and reporting data?*
- Has limited experience in data analysis and reporting, requiring guidance to extract valuable insights from finance data.
- Conducts data analysis, generating meaningful financial reports that inform strategic decision-making and transformation initiatives.
- Excels in sophisticated data analytics, utilizing statistical techniques to identify trends, patterns, and predictive insights.
- Masters data analytics and reporting, presenting data-driven narratives and actionable intelligence to drive transformative change.
This field is required.
How would you rate your experience in creating flexible dashboards?*
- Struggles to design user-friendly dashboards, needing support to create intuitive data visualization tools, or no need in role or team for this.
- Designs functional finance dashboards, providing stakeholders with a clear view of financial performance and KPIs.
- Develops interactive dashboards, allowing stakeholders to customize data views and drill down into financial details, or leads team to do so.
- Innovates dynamic dashboards, leveraging cutting-edge visualization tools to empower users with real-time, self-service finance insights, or leads team to do so.
This field is required.
Change Management
Available values for Topic 6
Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score.
How would you rate your experience as being a catalyst for change? An inspirer or a leader, even without authority?*
- Supports change initiatives within the finance function upon request.
- Demonstrates leadership in initiating finance transformation, inspiring teams to embrace change and adopt innovative practices.
- Serves as a catalyst for change across the organization, aligning stakeholders around the finance function's transformation vision.
- Masters change leadership, driving transformative culture shifts, and instilling a change-ready mindset throughout the organization.
This field is required.
How would you rate your experience in project management?*
- Basic or limited understanding of program management concepts. Supports with project management, assisting with coordination and maintaining documentation.
- Understanding of program management concepts. Manages multiple finance transformation projects effectively.
- Manages complex programs, developing program strategies, mitigating risks and implementing program governance.
- Leads large, high impact programs, overseeing multiple project portfolios and providing leadership to program managers. Applies strategic planning and delivers exceptional results.
This field is required.
How would you rate your experience in driving change?*
- Supports the team with driving change initiatives, or demonstrates a neutral approach to change.
- Promotes a positive approach and enthusiasm towards change, even if not driving it directly.
- Demonstrates influential change leadership, guiding stakeholders through transformative changes and promoting a positive outlook, navigates resistance and challenges effectively.
- Effectively drives change across the finance function, fostering a collaborative culture of innovation and continuous improvement, skilfully navigates resistance and challenges.
This field is required.
How would you rate your experience in influencing others?*
- Not a lot of opportunity for influencing, or using very few influencing techniques to drive a change agenda.
- Developing active listening and effective communication skills attuned to transformation challenges, and building rapport with stakeholders.
- Influences decisions by building on an established position of credibility and trust, collaborating with cross-functional teams to garner support for finance transformation.
- Demonstrates a high level of emotional intelligence and strong influencing skills, building coalitions with key stakeholders to secure alignment and resources for transformation.
This field is required.
How would you rate your experience in monitoring transformation outcomes?*
- Little experience of monitoring outcomes of change.
- Supports the team with measuring the impact of changes.
- Monitors finance transformation outcomes, assessing performance metrics and adjusting strategies based on results.
- Effectively manages an ongoing cycle of measurement, evaluation and adjustment, driving iterative improvements.
This field is required.
PART 3 of 3:

Impact Skills

The final 15 questions relate to your impact skills which play a hugely significant role in the effectiveness of your day-to-day activities.

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Managing Stakeholders
Available values for Topic 7
Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score.
How would you rate your experience in relationship building?*
- Little progress at building relationships towards driving change and business impact.
- Starting to build relationships by establishing trust and credibility.
- Builds positive relationships with stakeholders, fostering trust, and establishing credibility through strong communication.
- Nurtures relationships with key stakeholders, building trust and demonstrating empathy, becoming a trusted advisor, and forging long-term partnerships .
This field is required.
How would you rate your experience in gathering perspectives?*
- Demonstrates a preliminary understanding of stakeholders’ perspectives.
- Actively gathers input from stakeholders, ensuring a comprehensive understanding of their expectations, needs and challenges.
- Engages stakeholders proactively, soliciting diverse viewpoints, and incorporating feedback.
- Demonstrates exceptional ability to gather nuanced perspectives and translate them into impactful strategies and actions.
This field is required.
How would you rate your experience in challenging opinions?*
- Identifies areas for challenge. Building confidence with how to raise constructively.
- Raises constructive challenges to stakeholders, using financial insights and data to encourage critical thinking.
- Confidently challenges assumptions, providing evidence-based analysis and business insight, and promoting healthy debate to optimize decision outcomes.
- Masterfully challenges entrenched opinions, leveraging advanced financial expertise and business insight, and guiding stakeholders towards innovative solutions.
This field is required.
How would you rate your experience in serving diverse stakeholder needs?*
- Demonstrates some level of awareness of varying stakeholder needs and preferences.
- Adapts to meet varying stakeholder requirements, considering individual objectives and preferences.
- Demonstrates a deep understanding of diverse stakeholder needs, delivering solutions which optimize overall outcomes.
- Excels in serving complex and multifaceted stakeholder needs, managing to optimize approach to address diverse organizational goals.
This field is required.
How would you rate your experience in managing conflicts?*
- Has limited experience in handling conflicts among stakeholders; preliminary considerations of how to approach diplomatically.
- Addresses conflicts diplomatically, resolving issues, and restoring alignment to facilitate effective decision-making.
- Manages conflicts adeptly, navigating competing interests, and driving consensus to reach mutually beneficial solutions.
- Serves as a conflict resolution expert, transforming challenges into opportunities, and fostering a harmonious and productive stakeholder environment.
This field is required.
Commercial Mindset
Available values for Topic 8
Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score.
How would you rate your business acumen? Or said another way, how your organization operates and how business outcomes can be impacted?*
- Building an understanding of the organization’s operations and goals.
- Demonstrates a solid understanding of the organization's business model, operations, and key value drivers.
- Exhibits a comprehensive knowledge of the business environment and factors influencing financial performance.
- Possesses an intimate understanding of the entire business ecosystem, contributing strategic insights to shape business direction.
This field is required.
How would you rate your experience in developing your market knowledge?*
- Starting to build insight on market dynamics to improve ability to contextualize analysis and form recommendations.
- Keeps abreast of industry trends, leveraging market insights to inform financial projections and business strategies.
- Demonstrates a deep understanding of market forces, analyzing competitor behavior, and anticipating market opportunities and risks.
- Maintains an ongoing comprehensive understanding of competitors, market and regulatory trends, proactively identifying opportunities and threats.
This field is required.
How would you rate your experience in identifying business levers?*
- Building an awareness of key financial and non-financial levers that influence business performance.
- Understanding of critical business drivers and the correlation with financial performance.
- Solid understanding of the business levers that can be leveraged to drive value in the organization. Proactively identifies optimization opportunities.
- Comprehensive understanding of the business levers that can be leveraged to drive value in the organization. Pioneers opportunities for disruption and transformative growth.
This field is required.
How would you rate your experience in driving growth?*
- Building awareness of existing growth initiatives and supporting execution.
- Contributes to growth initiatives, aligning financial goals with growth strategies and supporting execution plans.
- Leads growth-oriented financial planning, analyzing investment opportunities, and evaluating their potential for profitability.
- Drives strategic growth initiatives, capitalizing on market trends, M&A opportunities, and disruptive innovations to propel the organization forward.
This field is required.
How would you rate your experience in maximizing shareholder value?*
- Building an understanding of shareholder value drivers, and how to optimize financial decisions for stakeholders.
- Demonstrates a commitment to enhancing shareholder value, translating financial performance into meaningful shareholder insights.
- Aligns financial strategies to maximize shareholder value, balancing short-term financial results with sustainable value creation.
- Masters the art of optimizing shareholder value, balancing short-term financial results with sustainable value creation for all stakeholders.
This field is required.
Soft Skills
Available values for Topic 9
Simply count the total number of values someone can possibly achieve. Include all questions from this topic into one score.
How would you rate the quality of your communication?*
- Able to articulate simple concepts, listens to feedback and attempts to have few misunderstandings with stakeholders.
- Communicates financial information clearly, adapting the message to various stakeholders with varying financial literacy. Actively listens and engages in productive discussions.
- Demonstrates persuasive communication, influencing stakeholders, and facilitating productive discussions.
- Masters exceptional communication, translating complex financial concepts into accessible narratives for diverse audiences and leading impactful discussions.
This field is required.
How would you rate your ability to build trust?*
- Aware of the importance of generating trust and starting to build good relationships.
- Earns trust with business and finance stakeholders through building credibility and relationships.
- Builds strong relationships with key stakeholders based on the four cores of credibility that generate trust: integrity, intent, capabilities and a track record of results.
- Cultivates a strong culture of trust, firmly entrenched in the four cores of credibility: integrity, intent, capabilities and a track record of results.
This field is required.
How would you rate your experience in problem-solving?*
- Able to identify problems but may need guidance in bringing solutions.
- Applies analytical thinking to solve problems, demonstrating resourcefulness in identifying solutions.
- Skilled problem solver demonstrating confidence in navigating ambiguity.
- Excels in tackling complex problems, navigating ambiguity, and orchestrating innovative solutions for transformative outcomes.
This field is required.
How would you rate your personal resilience in a professional environment?*
- Struggles to varying degrees during times of challenge, experiencing some amount of burnout.
- Building the resilience muscle to maintain consistent performance during challenging periods. Cognizant of managing priorities.
- Demonstrates resilience, adapting to changing circumstances, and maintaining focus on financial objectives. Applies 80/20 mindset.
- Exhibits exceptional composure under pressure, thriving in dynamic environments and effectively managing multiple priorities. Highly proficient in applying 80/20 mindset.
This field is required.
How would you rate your experience of people management?*
- Limited experience in managing others, building awareness of what makes a successful team.
- Demonstrates basic people management skills, providing guidance and support to team members for improved performance.
- Leads and motivates, creating clarity around outcomes and fostering a collaborative culture to achieve team goals.
- Masters exceptional people management, inspiring high-performance teams, and developing talent to drive financial excellence.
This field is required.
Segmentation
What type of company do you work for?*
- Owner-managed
- VC-backed
- PE-backed
- Employee-owned
- Listed
- Other
This field is required.
What team do you currently work in? (if you are in between roles then please pick your previous role or desired future role)*
- Financial Control
- FP&A
- FinOps
- Treasury
- Tax
- Finance Business Partnering
- Commercial Finance
- Finance Transformation
- Corporate Development/M&A
- Specialist
- Other
This field is required.
Which of the following best describes your role?*
- Finance Leader
- Direct Report into Finance Leader
- Manager
- Senior Analyst
- Analyst
- Specialist/Other
This field is required.
Job title*
This field is required.
Company website*
This field is required.
What is the turnover of the company or division that you work in?*
This field is required.
What industry do you operate in?*
This field is required.
What country do you work in?*
This field is required.
Company name*
This field is required.
What is the size of your finance team?
Final Details
One final step before we email you through your PDF report which includes:
Your overall score
Your score in each skill area
How you compare to others
Your personalised report will be emailed to you along with relevant tips supporting your score. View our Privacy Policy
* Last * * Phone
Fundamental Pillars - Over
A strong knowledge of financial processes empowers you to streamline and optimize accounting procedures, reducing operational inefficiencies and potential errors in financial reporting. Additionally, having a grasp of business operations allows you to align financial strategies with broader organizational goals and ensure that financial activities support overall business objectives. With a deep understanding of transformation frameworks, you can efficiently plan and execute finance transformation initiatives, ensuring seamless integration and smooth transition within the organization. Moreover, your expertise in best practice implementation equips you to adopt industry-leading approaches, methodologies, and technology solutions, which contribute to increased efficiency and effectiveness in the finance function. By leveraging strong foundational finance skills, you become an invaluable asset during finance transformations, capable of driving positive change, optimizing financial processes, and ultimately contributing to the organization's overall growth and success.
Fundamental Pillars - Over - Link
Fundamental Pillars - Under
A lack of fundamental finance skills may hinder your ability to comprehend the requirements of a finance transformation, leading to inaccurate financial reporting and flawed decision-making. Moreover, limited proficiency in financial processes may result in inefficient workflows and redundant tasks, impeding the transformation process and delaying critical financial insights for stakeholders. Inadequate knowledge of business operations may lead to financial initiatives that do not adequately support business objectives. Additionally, a lack of understanding of transformation frameworks and best practice implementation can impede the ability to plan, execute, and monitor the transformation process effectively, resulting in missed opportunities for process optimization and improved financial performance. This may cause delays, inaccuracies, and suboptimal outcomes.
Fundamental Pillars - Under - Link
Transformation Strategy - Over
Strong planning skills play a pivotal role in the successful implementation of finance transformations. By aligning finance transformation efforts with the organization's overall strategy, you can demonstrate the value and relevance of your initiatives to gain support and buy-in from key stakeholders. A comprehensive current state assessment helps identify inefficiencies and areas of improvement within the existing financial processes by pinpointing bottlenecks and pain points. Furthermore, strong strategic planning skills allow you to design a clear and well-defined target operating model. This outlines the desired state of the finance function post-transformation and serves as a blueprint for the changes to be made. By setting clear objectives, identifying the necessary resources, and defining key performance indicators, you can establish a roadmap that guides the transformation process efficiently, minimizing disruptions and ensuring that all efforts contribute to the desired outcomes.
Transformation Strategy - Over - Link
Transformation Strategy - Under
Limited strategic planning skills can impact your ability to align finance transformation efforts with the overall organizational strategy, leading to initiatives that lack direction and fail to contribute to the company's long-term goals. Additionally, insufficient skills in conducting a thorough current state assessment may result in overlooking critical inefficiencies or challenges within existing financial processes, hindering the transformation's effectiveness and potential for improvement. To address such a skills gap, you should work with senior finance professionals to better understand the bigger picture and determine what changes are required for your finance function to fully support the future needs of your business. You should also seek professional development opportunities, such as workshops, courses, or certifications, that focus on strategic planning methodologies and techniques for finance transformations.
Transformation Strategy - Under -Link
Process Optimization- Over
Your strong process optimization skills play a crucial role in successfully implementing finance transformations. By possessing a deep understanding of process mapping and redesign, you can analyze existing finance workflows to identify inefficiencies, bottlenecks, redundant tasks, and areas for automation, paving the way for more efficient and streamlined financial operations. Your pilot testing and performance measurement skills can ensure the smooth implementation of new processes and systems by gathering feedback from small-scale trials before rolling out the changes. Your ability to measure and track KPIs helps assess the impact of the transformation and make data-driven decisions for further enhancements. By embracing a culture of continuous improvement, you can foster innovation and agility within the finance function, adapting to changing business needs and staying ahead in a dynamic market.
Process Optimization - Over - Link
Process Optimization - Under
Finance professionals with weaker process optimization skills may struggle to identify inefficiencies and streamline workflows, leading to prolonged and inefficient finance transformation initiatives. You may lack the ability to map and redesign processes effectively, test and monitor the impact of changes, and continuously improve them over time. To address such a skills gap, you should proactively seek opportunities to learn from colleagues and industry experts, leveraging their knowledge and experience to enhance their process optimization abilities. Additionally, gaining more work experience and exposure to diverse finance projects will help you develop a deeper understanding of various processes and challenges, improving their problem-solving skills in the context of finance transformations. Undertaking relevant training programs and certifications in process optimization methodologies will further equip you with the necessary tools and techniques to drive successful finance transformations and deliver significant value to the organization.
Process Optimization - Under - Link
Technology and Automation - Over
Having strong technology and automation skills is a game-changer during finance transformations. Embracing these skills enables you to optimize processes, reduce manual tasks, and unlock valuable insights from data. With proficiency in process digitization, you can digitize and automate repetitive finance tasks, increasing efficiency and accuracy while minimizing the risk of errors. This newfound efficiency enables you to redirect focus towards strategic analysis, providing deeper insights that drive better decision-making. Moreover, you can better leverage software and vendor selection expertise to choose the most suitable solutions for your organization's unique needs. This ensures seamless integration between various financial systems and fosters collaboration between teams, leading to enhanced data transparency and visibility. By harnessing integrated systems or ERPs, you gain access to real-time financial data, streamlining reporting processes and enabling data-driven insights. Consequently, they can provide timely and accurate information to stakeholders, fostering trust and credibility within the organization.
Technology and Automation - Over - Link
Technology and Automation - Under
A lack of technology and automation skills may cause challenges in optimizing processes, leading to inefficiencies and increased manual workload. This could result in delayed financial reporting, inaccurate data, and hindered decision-making, potentially impacting the organization's performance and growth. To address such a skills gap, you should develop a curiosity towards technology and automation, and proactively seek opportunities to learn from colleagues, fostering a culture of knowledge-sharing. Additionally, gaining more work experience in assessing, implementing and utilizing technology solutions or ERP systems, will help build confidence and proficiency. Undertaking relevant training programs, whether through workshops or online courses, can further enhance your technical capabilities and ensure you stay up-to-date with the latest advancements in finance technology. By investing in skill development, you can become instrumental in supporting successful finance transformations and positioning yourself as an indispensable asset within your team.
Technology and Automation - Under - Link
Data Integration and Analytics - Over
Finance professionals equipped with strong data integration and analytics skills are well-placed to identify important data elements, streamline the collection process and focus on the most relevant data points that drive strategic decision-making. Efficiently capturing and storing data ensures data integrity and accessibility, enabling you to work with accurate and reliable information for analysis and reporting. Armed with data integration skills, you can transform data from various sources into a unified view, fostering a comprehensive understanding of the organization's financial landscape. This ability to seamlessly integrate data allows for better insights into financial performance, risks, and opportunities. Your proficiency in data analytics empowers you to unearth valuable patterns, trends, and correlations. Creating flexible dashboards further enhances your communication capabilities, by presenting complex financial information in a visually appealing and digestible format. This aids stakeholders' understanding and decision-making processes, transforming you from a traditional number-cruncher into a strategic advisor, supporting finance transformations that drive business growth and success.
Data Integration and Analytics - Over - Link
Data Integration and Analytics- Under
Weak data integration and analytical skills can impact the success of finance transformations, leading to inefficiencies in data handling, analysis, and reporting. Without the ability to identify important data, capture and store it effectively, and integrate diverse datasets, you may struggle to make informed decisions and provide accurate financial insights, hindering the transformation's progress. To address such a skills gap, you should proactively seek learning opportunities and tap into the expertise of colleagues with strong data integration and analytical skills. Engaging in workshops, webinars, and training programs can enhance your technical proficiency, while gaining more hands-on experience with data-driven projects can boost your practical expertise. By actively pursuing continuous improvement in these areas, you can bolster your contribution towards finance transformations and deliver greater value to your organization.
Data Integration and Analytics - Under - Link
Change Management - Over
Your strong change management skills are invaluable assets during finance transformations. As catalysts for change, you possess the ability to effectively communicate the vision and purpose of the transformation to all stakeholders, creating a shared understanding and commitment to the journey ahead. By fostering a culture of openness and collaboration, you build trust and rapport within the organization, making it easier to overcome resistance and drive adoption of new processes and technologies. Additionally, you can navigate the complexities and challenges that arise during the transformation process. You are adept at identifying potential roadblocks and proactively addressing them, ensuring that the transformation stays on track and achieves its objectives. With a focus on continuous improvement, you monitor outcomes and gather feedback, using data-driven insights to make informed decisions and refine strategies as needed.
Change Management - Over - Link
Change Management - Under
Your weaker change management skills will likely cause you challenges during finance transformations, leading to resistance from stakeholders and a lack of buy-in for the proposed changes. This can result in delays, increased costs, and potential disruptions to business operations, ultimately hindering the successful implementation of the transformation. To address this skills gap, you should seek opportunities to learn from experienced change management experts and leaders within your organization or industry. Participating in workshops, webinars, or seminars focused on change management principles and methodologies can provide valuable insights and practical tools to enhance your skills. Additionally, gaining more work experience in projects involving change initiatives and actively seeking feedback from peers and managers can help them apply your knowledge and develop confidence in your ability to support or lead successful transformations. Undertaking specialized training in change management, such as certification programs, can further bolster your expertise and position you as effective change agents within the finance function.
Change Management - Under - Link
Stakeholder Management - Over
Your strong stakeholder management skills make you better equipped to navigate the complexities of implementing finance transformations. By effectively identifying key stakeholders and understanding their perspectives, you can build strong relationships and gain buy-in for the transformation initiatives. This leads to improved collaboration, alignment, and support from various departments and leaders, creating a smoother and more successful transformation journey. Additionally, these skills enable you to anticipate and address potential challenges or resistance from stakeholders. As a result, stakeholders are more likely to embrace new processes, technologies, and ways of working, accelerating the transformation's impact and ensuring the organization realizes its strategic goals. Your robust stakeholder management abilities play a pivotal role in fostering a culture of change and continuous improvement, driving greater agility and adaptability in the finance function and the organization as a whole.
Stakeholder Management - Over - Link
Stakeholder Management - Under
Finance professionals with weaker stakeholder management skills may face challenges in gaining support and alignment from key stakeholders during finance transformations. This can lead to resistance, delays, and even project failures, as stakeholders may not fully understand the benefits or feel engaged in the process. You may also miss out on the added value that stakeholders typically provide during an implementation process. To address such a skills gap, you can seek mentorship and guidance from experienced colleagues who excel in stakeholder management, observe and learn from successful transformation projects, and actively participate in training programs or workshops focused on enhancing communication, negotiation, and relationship-building skills. By continuously seeking opportunities for growth and learning, you can develop the expertise needed to navigate the complexities of managing stakeholders effectively and ensure the success of finance transformations.
Stakeholder Management - Under - Link
Commercial Mindset - Over
A strong commercial mindset provides you with a strategic advantage during finance transformations. By understanding the intricacies of the business and industry, you can develop financial strategies that align with the company's overall goals, ensuring that financial decisions drive growth and long-term value. With a keen awareness of market trends and competitors, you can identify opportunities to optimize resources, expand into new markets, and enhance competitive positioning. This insight empowers you to proactively address potential risks and challenges, making data-driven recommendations to improve financial performance. These skills help you become a proactive advisor to other departments and senior leadership. By identifying critical business levers, you can collaborate with cross-functional teams to develop actionable plans that capitalize on growth opportunities, streamline processes, and maximize profitability. This collaboration enhances your finance function's reputation within the organization, positioning you as trusted partners who provide valuable insights and strategic guidance.
Commercial Mindset - Over - Link
Commercial Mindset - Under
Your underdeveloped commercial mindset may result in you struggling to align financial strategies with the broader business goals, leading to missed growth opportunities and suboptimal resource allocation during finance transformations. Without a deep understanding of market dynamics and business drivers, you may struggle to identify emerging risks, hindering your ability to proactively address challenges and make informed decisions. To address such a skills gap, you should engage in cross-functional projects and seek exposure to different aspects of the business. This helps broaden your perspectives and deepen your understanding of the market and competitive landscape. Additionally, investing in relevant training programs and workshops focused on business acumen, market analysis, and strategy can further enhance your commercial mindset and empower you to contribute effectively to finance transformations.
Commercial Mindset - Under - Link
Soft Skills - Over
Your strong soft skills help navigate the challenges and complexities of finance transformations. Effective communication allows you to convey ideas, strategies, and progress clearly to stakeholders, fostering trust and understanding. As you build trust, you gain buy-in and support from key stakeholders, enabling smoother collaboration and alignment with the transformation's objectives. Strong problem-solving and personal resilience enable you to overcome obstacles and setbacks during the journey. You can identify and address issues promptly, ensuring the transformation stays on track and achieves its intended outcomes. With personal resilience, you can maintain a positive attitude and adapt to changing circumstances, even in high-pressure situations, which fosters a sense of calm and confidence among the team. People management skills help you handle interpersonal dynamics effectively, nurture talent, and empower team members to contribute their best efforts. This motivates people to persevere and stay focused on achieving the transformation's goals.
Soft Skills - Over - Link
Soft Skills - Under
Your weaker than average soft skills may cause challenges in generating trust and communicating effectively with stakeholders, leading to miscommunication and misunderstandings that can hinder the progress of finance transformations. Additionally, a lack of strong problem-solving and personal resilience can lead to difficulties in handling unexpected setbacks, potentially causing delays and disruptions to the transformation process. To address such a skills gap, you should seek guidance and mentorship from those who possess strong soft skills. Learning from role models can help develop your communication, leadership, and interpersonal skills. Additionally, gaining more work experience in roles that require effective communication, collaboration, and problem-solving can provide practical improvement opportunities. Undertaking training and workshops specifically focused on management, communication and personal effectiveness will equip you with the tools and techniques needed to succeed.
Soft Skills - Under - Link
Foundation (BELOW) + Implement (BELOW) + Impact (BELOW)
Foundation (BELOW) + Implement (ABOVE) + Impact (ABOVE)
Foundation (ABOVE) + Implement (BELOW) + Impact (ABOVE)
Foundation (BELOW) + Implementation (BELOW) + Impact (ABOVE)
Foundation (BELOW) + Implementation (ABOVE) + Impact (BELOW)
Foundation (ABOVE) + Implementation (BELOW) + Impact (BELOW)
Foundation (ABOVE) + Implementation (ABOVE) + Impact (BELOW)
Foundation (ABOVE) + Implementation (ABOVE) + Impact (ABOVE)
OVERVIEW VIDEOS
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Competency 3rd Best
Competency score: Governance And Control
Competency score: Operational Driver
Competency score: Financial Planning & Analysis
Competency score: Strategic Business Partner
Competency score: Catalyst For Change
Competency score: Fundraising And M&A
Competency score: Leadership
Competency score: Commercial Mindset
Competency score: Soft Skills
Governance And Control - Chart IMG
Operational Driver - Chart IMG
Financial Planning & Analysis - Chart IMG
Strategic Business Partner - Chart IMG
Catalyst For Change - Chart IMG
Fundraising And M&A - Chart IMG
Leadership - Chart IMG
Commercial Mindset - Chart IMG
Soft Skills - Chart IMG
Full Topic - Chart IMG
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Foundation Skills

Implementation Skills

Impact Skills