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Five Ways to Turn the Finance Department Into a Transformation Agent

 
  John W. Braine, Partner, CFO Edge, LLC  
   
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  Article Summary  
A challenge for Los Angeles and Southern California CFOs and senior finance executives is to leverage their status and influence inside their companies in a way that serves in a more strategic role, and part of their success will be grounded in finding the right ways to turn the finance department into a transformation agent.

A critical component in this shift will be a focus on hiring and developing finance employees with skill sets that go beyond simply conducting financial transactions. That is, they need finance employees with strong soft skills who will thrive in judgment-based roles.

Reviewed in this article are five different types of employee skills along with how they currently appear and should appear in the finance department.

Also discussed are five recommendations that finance managers can apply to increase the number of finance employees with these needed abilities.

Implementing these recommendations will be a significant step forward in adding the right soft skills needed to turn the finance department into a transformation agent.

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