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'Pressured finance teams should focus on adding value'.

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Vincent
PositionInform - Brief article

Four in 10 finance departments expect their budgets--to be cut this year, faced with investors' increasing demands on margins and the uncertainties of a "two-track recovery" in Europe, according to a survey by advisory firm CEB.

Despite this, more than 70 per cent of finance leaders polled in the research said that they were being asked to do more to support other parts of the business, engaging in activities such as introducing data analysis, identifying acquisition targets and implementing internal control frameworks in growth markets.

More than 80 per cent of the companies in the survey reported that they had undertaken a transformation project in the previous 12 months.

In response to the findings, CEB said that fulfilling both imperatives would be impossible unless the finance function became "more efficient with its everyday operations and more selective in the areas it chooses to support".

Paul Dennis, senior director at CEB, said: "The two-track recovery in...

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