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16 July 2015

In it to win it: learn what leading finance functions are doing differently

By Andrew McCorkell We have run finance function benchmarking projects for more than 400 clients now, so the data that we have amassed can be used to get a really good understanding of relative performance across the spectrum of all the activities that finance undertakes. Many clients are keen to...

07 July 2015

Breaking away: how leading finance organisations are redefining excellence

By Andrew McCorkell On Monday evening, finance leaders gathered to learn about the launch of PwC’s sixth annual benchmark report Breaking away: how leading finance organisations are redefining excellence. Guests learned from Ian Haythornthwaite (Finance Director, BBC) and Elizabeth Raffle (Head of Finance Community, Lloyds Bank) who discussed their experience...

08 June 2015

Is your Finance function breaking away from the pack?

By Andrew McCorkell I have been running Finance Effectiveness Benchmarking for PwC for seven years now. Each project provides clear evidence and data to help the client understand the “size of the prize”, where to focus and what to do. It’s powerful stuff – often controversial, sometimes with some difficult...

08 May 2015

Breaking through the glass ceiling? Getting more women into senior Finance roles?

By Charlotte Houston Everywhere you turn these days there seems to be something in the press about gender balance on boards and diversity in the UK. In 2011, Lord Davies set down the gauntlet by challenging the FTSE 100 to progress from 12.5% representation of women on their boards to...

22 April 2015

Securing the people you need to succeed

By Sam Waller The disruptive forces that are transforming economies, customer expectations and social attitudes are also reshaping the talent needs within finance. From hyper-connectivity and the customer expectations to a global middle class that is set to grow by a billion by 2020, this is an age of transformation....

26 March 2015

Are Insurers adding too much cost to Finance under Solvency II?

By Alec Whiting Is Solvency II adding a layer of cost to your Finance organisation design? Surely the answer is of course, but is it costing more than it should? Many insurers are still significantly reshaping their organisation design in order to allow for the increased burden of Solvency II....

19 March 2015

Failing to control costs? You need the 5 components of “ownership!"

By Stephen Benham Most organisations struggle to exercise cost management in a sustainable way. Cost management often manifests itself in cyclical cost cutting initiatives, often using value destroying slash and burn techniques, also known as the Attila the Hun method of cost control. My belief is that these dramatic initiatives...

26 February 2015

The innovation paradox: how technological advances are transforming business and the role of Finance

By Jemma Ingham It is clear that innovation presents the Finance function with both threat and opportunity. 73% of finance leaders believe that digital developments will change how their firm does business. In the face of all this change, Finance professionals still puzzle over two fundamental questions: How can we...

24 February 2015

How finance can wrest back the innovation initiative

By Rob Smith In a world of hyper-connectivity, fast-shifting customer expectations and new competitive threats, financial services’ (FS) drive for innovation needs to be stronger than ever. While a lot of what FS organisations are doing doesn’t make the headlines, many of the companies we work with are looking to...

12 February 2015

Disruptive technology: By the time you notice it, it’s probably too late!

By David Doyle “The greatest shortcoming of the human race is our inability to understand the exponential function,” said the great American physicist, Albert Allen Bartlett. The specific focus for Professor Bartlett’s remark was the threat to sustainability created by population growth. But this shortcoming could equally apply to the...