# Traditional Finance is becoming extinct very soon

> As a Small to Mid-sized business leader, do you believe you are getting ROI from Finance?

Source: https://valuexpa.com/publication/business-value-xpa
Publisher: ValueXPA (https://valuexpa.com)

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## Executive summary

How FP&A is evolving within Finance Transformation Finance function of a business, which is traditionally deemed as " the cost center of a business" is undergoing a major shift. A shift not just superficially, but a complete transformation and redefinition of its core work-philosophies . The focus is now more on understanding the value-creating levers of a business and then in partnering to create more value. A transformation from being the cost center to profit drivers, from being a reactionary department to being a proactive team leader is seen as the new trend. According to experts, this shift is fast gathering momentum and will soon turn into a huge wave that redefines the roles and functions of finance in every organization. Finance transformation is used to describe strategic initiatives aimed at transforming the way businesses are run with Finance Function at the centre.

## Key findings

- The general goal of this transformation is to align Finance Function with the overall company strategy in order to become lean and efficient and help the overall organization step up the game
- The ability to respond quickly to external forces is also hindered in a traditional operating model
- Finance Function is also the third slowest operating corporate function, according to Gartner
- To support growth and be more efficient, the Finance function must speed up its service delivery

## Who this is for

This report is for CFOs and finance leaders.

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ValueXPA runs a fixed-scope Margin Drift Diagnostic that validates every service vendor invoice against contract terms, for $100M+ US industrial manufacturers and distributors. Two to four weeks. The client retains 100% of recoveries. https://valuexpa.com/contact-us