Finance "revolution" overstated.

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Finance teams are under growing pressure as they focus more on value creation while retaining a portfolio of roles, and as they aim to become fully integrated business partners while remaining independent and objective, according to a new study published by CIMA.

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Contrary to some predictions, change is occurring by evolution, rather than revolution, but some interviewees expressed concern that the pressure on business partners to help units hit targets could compromise their role as financial guardians. Despite this, most saw business partnering as critical to value creation. Only a minority said they were reluctant to assume a role that involved more partnering.

The study was conducted by the CIMA Centre of Excellence at the University of Bath. It was the first to consider global data on finance transformation, featuring consultations with 4,500 financial professionals and senior managers. It aimed to identify the...

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