Finance has always been a numbers game. The traditional role of finance, after all, was largely an accounting role: budgeting, cash flow, profits and loss and so on. Jobs were done in a silo, and finance professionals stayed in their lane--poring over manual spreadsheets, making sure the numbers were good.
But that's not what finance is today.
While those accounting duties are just as important as they always have been, technology, automation and more collaborative processes have left finance with more time to spend on other things. And as their role has grown, finance leaders have become important strategic finance business partners--leading their organizations to successfully meet their business objectives.
In our third annual benchmark survey, The State of Strategic Finance: Industry Benchmark Report 2022, we surveyed 132 business leaders and finance and operations professionals coming from organizations across a range of industries.
We asked them about strategic planning, risk assessment, relationships, the three elements of the foundational framework for success--people, processes and technology--and more.
In the following infographic, discover how this year's survey respondents are working to become better strategic finance business partners and what they're prioritizing as they aim to make an even greater impact in the future.
As Vice President, FP&A at Vena, Tom Seegmiller is responsible for strategic finance, including business partnering, budgeting and forecasting, with a focus on optimizing enterprise value. Tom is instrumental in the formulation of the financial narrative for the executive leadership team, investors and board members. Tom has always had a focus on driving enhanced business decisions through leveraging financial and operational data. He is an experienced finance executive, having most recently led the finance team at Miovision Technologies. Prior to that, he was in senior FP&A leadership roles at OpenText. Tom enjoys golfing, skiing, exercising and traveling in his spare time, but most importantly, he loves spending time with his wife and daughter.
