To effectively support the front line, Finance needs to transform its role and capability – are you focusing on the right things?
Public sector finance teams are constantly having to deal with disruption – from overseeing the required prioritisation of budgets resulting from the period of austerity to reacting to the opportunities of new automation and digital technology.
There remains a key focus on spending controls, financial reserves are being challenged and yet the frontline public service delivery is under increasing demand pressure.
So, how can finance support the frontline in such testing times?
To address changing priorities, the public sector CFO will need to lead a diverse finance team equipped with the required skills and manage talent effectively. The demand for a performance-centric and a technology enabled workforce will prompt finance to step outside of its traditional transaction processing and accounting role, to focus on higher-value services.
Tomorrow’s “Frontline Finance" function will need to consider how its mindset, skillset and toolset will need to adapt to these changes. It will require new capabilities, skills, and roles to meet the growing pressure to deliver more value and serve as a true partner to clinicians, academics, police, social care workers and all those delivering and making decisions on public service that all taxpayers and residents depend upon.
So how should finance adapt?
Now is the time to take your finance talent on the journey to Frontline Finance – seek ways to inspire them to make an even greater difference to the delivery of public service across the UK. After all, as a member of your team, they already have a passion for public service.
To find out more, register here to download our Frontline Finance report.
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