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Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Introduction

Introduction
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Copyright: 2022
Pages: 15
Source title: Building the High-Performance Finance Function
Source Author(s)/Editor(s): André de Waal (Finance Function Research and Development Center BV, The Netherlands & HPO Center BV, The Netherlands), Eelco Bilstra (Finance Function Research and Development Center BV, The Netherlands) and Jacques Bootsman (Finance Function Research and Development Center BV, The Netherlands)
DOI: 10.4018/978-1-7998-6929-0.ch001

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Abstract

In this Chapter the need and the reasons for a high performance organization (HPO) and a high performance finance function (HPFF) are discussed. The finance function is defined, its most important tasks processes, activities described, and its challenges in modern-day organizations reviewed. The current situation of most finance functions – which can be described as a “blood, sweat, and tears” environment which can just satisfy basic requirements of internal clients and external stakeholders – is compared to the desired HPFF state. A schematic reading guide is given and the justification for the book – the reason why it is important and how it came into being – starts the reader on the exciting journey toward high performance.

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