7 tips for finance to get closer to business

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selectAllThisElementChildrenWrapperSubThird[c].classList.remove('modular-navigation-item-sub-third-wrapper-active'); selectAllThisElementChildrenWrapperSubThird[c].style.display = 'none'; } }, 10); } }); const getModularNavigation = document.querySelector('.modular-navigation'); function modularNavHandleOnClik(event) { const thisElement = event.target; const thisElementParent = thisElement.parentNode; const thisElementChildrenWrapper = thisElementParent.querySelector('.modular-navigation-item-wrapper'); const selectAllThisElementChildrenWrapperSub = document.querySelectorAll('.modular-navigation-item-sub-wrapper-active'); if (thisElementChildrenWrapper.classList.contains('modular-navigation-item-wrapper-active')) { thisElementChildrenWrapper.classList.remove('modular-navigation-item-wrapper-active'); setTimeout(() => { thisElementChildrenWrapper.style.display = 'none'; for (let c = 0; c < selectAllThisElementChildrenWrapperSub.length; c++) { selectAllThisElementChildrenWrapperSub[c].classList.remove('modular-navigation-item-sub-wrapper-active'); selectAllThisElementChildrenWrapperSub[c].style.display = 'none'; } }, 310); return; } const selectAllThisElementChildrenWrapper = document.querySelectorAll('.modular-navigation-item-wrapper'); for (let i = 0; i < selectAllThisElementChildrenWrapper.length; i++) { if (selectAllThisElementChildrenWrapper[i].classList.contains('modular-navigation-item-wrapper-active')) { selectAllThisElementChildrenWrapper[i].classList.remove('modular-navigation-item-wrapper-active'); setTimeout(() => { selectAllThisElementChildrenWrapper[i].style.display = 'none'; for (let c = 0; c < selectAllThisElementChildrenWrapperSub.length; c++) { selectAllThisElementChildrenWrapperSub[c].classList.remove('modular-navigation-item-sub-wrapper-active'); selectAllThisElementChildrenWrapperSub[c].style.display = 'none'; } }, 310); } } setTimeout(() => { thisElementChildrenWrapper.style.display = 'flex'; setTimeout(() => { thisElementChildrenWrapper.classList.add('modular-navigation-item-wrapper-active'); }, 1); }, 10); } function modularNavHandleOnClikSub(event) { const thisElement = event.target; const thisElementParent = thisElement.classList.contains('modular-navigation-item') ? thisElement : thisElement.parentNode; const thisElementChildrenWrapper = thisElementParent.querySelector('.modular-navigation-item-sub-wrapper'); if (thisElementChildrenWrapper) { if (thisElementChildrenWrapper.classList.contains('modular-navigation-item-sub-wrapper-active')) { thisElementChildrenWrapper.classList.remove('modular-navigation-item-sub-wrapper-active'); setTimeout(() => { thisElementChildrenWrapper.style.display = 'none'; }, 310); return; } const selectAllThisElementChildrenWrapper = document.querySelectorAll('.modular-navigation-item-sub-wrapper'); for (let i = 0; i < selectAllThisElementChildrenWrapper.length; i++) { if (selectAllThisElementChildrenWrapper[i].classList.contains('modular-navigation-item-sub-wrapper-active')) { selectAllThisElementChildrenWrapper[i].classList.remove('modular-navigation-item-sub-wrapper-active'); setTimeout(() => { selectAllThisElementChildrenWrapper[i].style.display = 'none'; }, 310); } } setTimeout(() => { thisElementChildrenWrapper.style.display = 'flex'; setTimeout(() => { thisElementChildrenWrapper.classList.add('modular-navigation-item-sub-wrapper-active'); }, 1); }, 10); } const selectAllThisElementChildrenWrapper = document.querySelectorAll('.modular-navigation-item-sub-third-wrapper'); for (let i = 0; i < selectAllThisElementChildrenWrapper.length; i++) { if (selectAllThisElementChildrenWrapper[i].classList.contains('modular-navigation-item-sub-third-wrapper-active')) { selectAllThisElementChildrenWrapper[i].classList.remove('modular-navigation-item-sub-third-wrapper-active'); setTimeout(() => { selectAllThisElementChildrenWrapper[i].style.display = 'none'; }, 310); } } } function modularNavHandleOnClikSubThird(event) { const thisElement = event.target; const thisElementParent = thisElement.classList.contains('modular-navigation-item') ? thisElement : thisElement.parentNode; const thisElementChildrenWrapper = thisElementParent.querySelector('.modular-navigation-item-sub-third-wrapper'); if (thisElementChildrenWrapper) { if (thisElementChildrenWrapper.classList.contains('modular-navigation-item-sub-third-wrapper-active')) { thisElementChildrenWrapper.classList.remove('modular-navigation-item-sub-third-wrapper-active'); setTimeout(() => { thisElementChildrenWrapper.style.display = 'none'; }, 310); return; } const selectAllThisElementChildrenWrapper = document.querySelectorAll('.modular-navigation-item-sub-third-wrapper'); for (let i = 0; i < selectAllThisElementChildrenWrapper.length; i++) { if (selectAllThisElementChildrenWrapper[i].classList.contains('modular-navigation-item-sub-third-wrapper-active')) { selectAllThisElementChildrenWrapper[i].classList.remove('modular-navigation-item-sub-third-wrapper-active'); setTimeout(() => { selectAllThisElementChildrenWrapper[i].style.display = 'none'; }, 310); } } setTimeout(() => { thisElementChildrenWrapper.style.display = 'flex'; setTimeout(() => { thisElementChildrenWrapper.classList.add('modular-navigation-item-sub-third-wrapper-active'); }, 1); }, 10); } } for (let i = 0; i < topNav.length; i++) { const thisModNav = topNav[i]; const thisModNavWrapper= document.createElement('div'); thisModNavWrapper.classList.add('modular-navigation-wrapper'); if (thisModNav.itemList) { const thisModNavMain = document.createElement('div'); thisModNavMain.classList.add('modular-navigation-main'); thisModNavMain.classList.add('modular-navigation-main-width-list'); if (thisModNav.class) thisModNavMain.classList.add(thisModNav.class); thisModNavMain.textContent = thisModNav.name ? thisModNav.name : ''; thisModNavWrapper.appendChild(thisModNavMain); thisModNavMain.addEventListener('mouseenter', modularNavHandleOnClik); const thisModItemWrapper = document.createElement('div'); thisModItemWrapper.classList.add('modular-navigation-item-wrapper'); for (var b = 0; b < thisModNav.itemList.length; b++) { const thisModItem = thisModNav.itemList[b]; if (thisModItem.itemList) { } if (!thisModItem.url && !thisModItem.itemList) continue; const thisModNavItem = thisModItem.itemList ? document.createElement('div') : document.createElement('a'); thisModNavItem.classList.add('modular-navigation-item'); thisModNavItem.classList.add('modular-navigation-item-list-wrapper'); if (thisModItem.class) thisModNavItem.classList.add(thisModItem.class); if (thisModItem.url) thisModNavItem.setAttribute('href', thisModItem.url); if (thisModItem.target) thisModNavItem.setAttribute('target', thisModItem.target); const thisModNavHtext = document.createElement('h5'); thisModNavHtext.textContent = thisModItem.name ? thisModItem.name : ''; thisModNavItem.appendChild(thisModNavHtext); if (thisModItem.desc) { const thisModNavPtext = document.createElement('p'); thisModNavPtext.textContent = thisModItem.desc; thisModNavItem.appendChild(thisModNavPtext); } if (thisModItem.itemList) { const thisModNavItemSubWrapper = document.createElement('div'); thisModNavItemSubWrapper.classList.add('modular-navigation-item-sub-wrapper'); for (let d = 0; d < thisModItem.itemList.length; d++) { const thisModItemSub = thisModItem.itemList[d]; const thisModNavItemSub = thisModItemSub.itemList ? document.createElement('div') : document.createElement('a'); thisModNavItemSub.classList.add('modular-navigation-item-third'); thisModNavItemSub.classList.add('modular-navigation-item'); if (thisModItemSub.class) thisModNavItemSub.classList.add(thisModItemSub.class); if (thisModItemSub.url) thisModNavItemSub.setAttribute('href', thisModItemSub.url); if (thisModItemSub.target) thisModNavItemSub.setAttribute('target', thisModItemSub.target); const thisModNavHtext = document.createElement('h6'); thisModNavHtext.textContent = thisModItemSub.name ? thisModItemSub.name : ''; thisModNavItemSub.appendChild(thisModNavHtext); if (thisModItemSub.desc) { const thisModNavPtext = document.createElement('p'); thisModNavPtext.textContent = thisModItemSub.desc; thisModNavItemSub.appendChild(thisModNavPtext); } thisModNavItemSubWrapper.appendChild(thisModNavItemSub); } thisModNavItem.appendChild(thisModNavItemSubWrapper); } thisModItemWrapper.appendChild(thisModNavItem); } thisModNavWrapper.appendChild(thisModItemWrapper); } else { const thisModNavMain = document.createElement('a'); thisModNavMain.classList.add('modular-navigation-main'); if (thisModNav.class) thisModNavMain.classList.add(thisModNav.class); thisModNavMain.setAttribute('href', thisModNav.url); if (thisModNav.target) thisModNavMain.setAttribute('target', thisModNav.target); thisModNavMain.textContent = thisModNav.name ? thisModNav.name : ''; thisModNavWrapper.appendChild(thisModNavMain); } getModularNavigation.appendChild(thisModNavWrapper); } const getModularNavMobile = document.querySelector('.nav-mobile-modular'); const thisModNavClose = document.createElement('div'); thisModNavClose.classList.add('modular-navigation-close'); thisModNavClose.innerHTML = '<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 448 512"><path d="M16 132h416c8.837 0 16-7.163 16-16V76c0-8.837-7.163-16-16-16H16C7.163 60 0 67.163 0 76v40c0 8.837 7.163 16 16 16zm0 160h416c8.837 0 16-7.163 16-16v-40c0-8.837-7.163-16-16-16H16c-8.837 0-16 7.163-16 16v40c0 8.837 7.163 16 16 16zm0 160h416c8.837 0 16-7.163 16-16v-40c0-8.837-7.163-16-16-16H16c-8.837 0-16 7.163-16 16v40c0 8.837 7.163 16 16 16z"/></svg>'; getModularNavigation.appendChild(thisModNavClose); thisModNavClose.addEventListener('click', function() { getModularNavigation.classList.remove('modular-navigation-visible'); }); getModularNavMobile.addEventListener('click', function() { getModularNavigation.classList.add('modular-navigation-visible'); }); } if (document.querySelector('.nav-jobs a')) document.querySelector('.nav-jobs a').setAttribute('target', '_blank'); if (document.querySelector('.nav-pmm-q-a a')) document.querySelector('.nav-pmm-q-a a').setAttribute('target', '_blank'); </script> </div> <div class="search-results"> <div class="search-results-close"> x close </div> <div id="search-field-wrapper"> <form> <input id="search-field" class="st-default-search-input" placeholder="Start typing..."/> </form> </div> <div id="results" class="st-search-container">Nothing to display...</div> <div class="search-tags"> <div class="search-tags-view">or view by:</div> <a href="/tag/career-development/">Career development</a> <a href="/tag/c-suite/">C-Suite</a> <a href="/tag/finance-metrics">Finance metrics</a> <a href="/tag/finance-transformation">Finance transformation</a> <a href="/tag/finance-trends">Finance trends</a> <a href="/tag/fp-a">FP&A</a> </div> </div> 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60.551 60 61 59.551 61 59 C 61 58.449 60.551 58 60 58 z M 64 58 C 63.449 58 63 58.449 63 59 C 63 59.551 63.449 60 64 60 C 64.551 60 65 59.551 65 59 C 65 58.449 64.551 58 64 58 z M 68 58 C 67.449 58 67 58.449 67 59 C 67 59.551 67.449 60 68 60 C 68.551 60 69 59.551 69 59 C 69 58.449 68.551 58 68 58 z M 72 58 C 71.449 58 71 58.449 71 59 C 71 59.551 71.449 60 72 60 C 72.551 60 73 59.551 73 59 C 73 58.449 72.551 58 72 58 z M 30 68 C 29.449 68 29 68.449 29 69 C 29 69.551 29.449 70 30 70 C 30.551 70 31 69.551 31 69 C 31 68.449 30.551 68 30 68 z M 34 68 C 33.449 68 33 68.449 33 69 C 33 69.551 33.449 70 34 70 C 34.551 70 35 69.551 35 69 C 35 68.449 34.551 68 34 68 z M 38 68 C 37.449 68 37 68.449 37 69 C 37 69.551 37.449 70 38 70 C 38.551 70 39 69.551 39 69 C 39 68.449 38.551 68 38 68 z M 42 68 C 41.449 68 41 68.449 41 69 C 41 69.551 41.449 70 42 70 C 42.551 70 43 69.551 43 69 C 43 68.449 42.551 68 42 68 z M 46 68 C 45.449 68 45 68.449 45 69 C 45 69.551 45.449 70 46 70 C 46.551 70 47 69.551 47 69 C 47 68.449 46.551 68 46 68 z M 50 68 C 49.449 68 49 68.449 49 69 C 49 69.551 49.449 70 50 70 C 50.551 70 51 69.551 51 69 C 51 68.449 50.551 68 50 68 z"/></svg> </a> </div> <main id="site-main" class="site-main outer site-main-post has-post-image"> <div class="feature-post-wrapper"> <article class="post-full post tag-fp-a "> <section class="post-full-content FP&A"> <header class="post-full-header"> <div class="post-full-header-wrapper"> <section class="post-full-meta"> <time class="post-full-meta-date" datetime=" 2024-11-13">13 November 2024</time> <span class="reading-time">3 min read</span> </section> <h1 class="post-full-title">7 tips for finance to get closer to business</h1> <section class="post-full-meta"> <a href="/tag/fp-a/">FP&A</a> </section> <div class="post-author-with-linkedin-wrapper"> <div class="post-author-wrapper"> <section class="post-full-authors"> <section class="author-card"> <a href="/author/asif/"> <img class="author-profile-image" src="/content/images/size/w300/2023/02/Asif-.jpeg" alt="Asif Masani" /> <section class="author-card-content"> <h4 class="author-card-name">Asif Masani</h4> <div class="post-full-footer-right"> <div class="author-card-button">Read More</div> </div> </section> </a> </section> </section> </div> </div> </div> <div class="post-full-image" style="background-image: url(/content/images/2024/11/Copy-of-FA_Website_Article_Images_Author_Highlight--22-.png);"> </div> </header> <div class="post-content"> <aside class="toc-container"> </aside> <p>Having a strong relationship between <a href="https://www.financealliance.io/business-acumen-for-cfos-framework/" rel="noreferrer">finance and business</a> is essential for success. But, how do finance professionals get closer to business operations?</p><p>Are you looking for ways to bridge the gap with your business teams? With a few simple steps, you can improve collaboration and communication with your <a href="https://www.financealliance.io/stakeholder-communication-plan/" rel="noreferrer">business stakeholders</a>.</p><p>In this article, we'll discuss seven proven tips for finance to get closer to business.</p><h3 id="1-participate-in-business-meetings"><strong>1. Participate in business meetings</strong></h3><p>The number one tip on our list is to participate in business meetings. Start the conversation asking about business. </p><p>Through these meetings, finance can gain invaluable insights from their business counterparts. And this will help finance understand the business pain points and challenges better.</p><h3 id="2-understand-the-business-and-strategy"><strong>2. Understand the business and strategy</strong></h3><p>To connect with the CFO and senior leadership, developing a deep insight into business strategy is important. </p><p>It is also crucial that you understand how businesses operate. And so is understanding how <a href="https://www.financealliance.io/tips-to-allocate-budget-across-departments/" rel="noreferrer">strategy and budgets</a> are connected.</p><h3 id="3-make-factory-or-field-visits"><strong>3. Make factory or field visits</strong></h3><p>It is difficult to solely understand the business by numbers. Financial reports often give an outdated picture of operations. Plant or Factory visits can help finance to gain insights in understanding what's happening around now.</p><h3 id="4-become-a-free-consumer"><strong>4. Become a free consumer</strong></h3><p>If you are looking to understand your business better, you can start by consuming your company’s products and services! </p><p>There is no better way to get the full picture of your business than to experience it firsthand. By using the same products and services that you offer, you can gain valuable insight into how they are being perceived by customers.</p><hr><figure class="kg-card kg-bookmark-card"><a class="kg-bookmark-container" href="https://www.financealliance.io/transferable-fp-a-skills-that-open-doors-way-beyond-finance/"><div class="kg-bookmark-content"><div class="kg-bookmark-title">Transferable FP&A skills that open doors</div><div class="kg-bookmark-description">Did you know that you can leverage transferable skills in FP&A (financial planning & analysis) to shape the career (and life) you truly want? Whether you love your job or find yourself itching for something new, transferable skills can open up career paths you might not have considered.</div><div class="kg-bookmark-metadata"><img class="kg-bookmark-icon" src="https://www.financealliance.io/content/images/icon/android-chrome-192x192-30.png" alt=""><span class="kg-bookmark-author">Finance Alliance</span><span class="kg-bookmark-publisher">Jody Salbo</span></div></div><div class="kg-bookmark-thumbnail"><img src="https://www.financealliance.io/content/images/thumbnail/Copy-of-FA_Website_Article_Images_Author_Highlight--21-.png" alt="" onerror="this.style.display = 'none'"></div></a></figure><p></p><hr><h3 id="5-finance-office-hours"><strong>5. Finance office hours</strong></h3><p>Finance teams can host office hours on a weekly or monthly basis. They can use this space to share updates on projects, discuss challenges and answer any questions business teams may have related to finance. </p><p>In addition to staying up-to-date on current happenings, these office hours provide an informal setting for you to connect and foster an open dialogue with your <a href="https://www.financealliance.io/finance-business-partnering-playbook-2/" rel="noreferrer">business partners</a>.</p><h3 id="6-step-into-businesss-shoes"><strong>6. Step into business's shoes</strong></h3><p>Shadowing your business partner's role for a day can be an incredibly experiential way to learn and grow. It presents you with the chance to experience the inner workings of your organization from the perspective of someone in a different role.</p><h3 id="7-participate-in-cross-functional-projects"><strong>7. Participate in cross-functional projects</strong></h3><p><a href="https://www.financealliance.io/the-power-of-networking-case-study/" rel="noreferrer">Cross-functional collaboration</a> enables teams to break down silos, allowing different departments and areas of expertise to come together towards a common goal. By taking a more active role in such high impact projects, finance can bring a unique perspective based on their expertise and experience.</p><p>Finance and business go hand in hand - one is incomplete without the other. By applying these tips to your day-to-day activities, you can make sure that communication between finance and business teams is clear and open.</p><hr>  <a href="https://www.financealliance.io/insider-membership-plan/"> <img src="https://www.financealliance.io/content/images/size/w1600/2024/09/FA_Article_Banners_Assets_3.png"> </a>  </div> <aside class="post-upgrade-cta hidden-upgrade"> <div class="post-upgrade-cta-content"> <img src="/content/images/2024/07/android-chrome-192x192.png" alt="Finance Alliance icon" class="site-logo" /> <h2>Like what you see? Then check out tonnes more.</h2> <p class="post-upgrade-cta-desc"> From exclusive content by industry experts and an ever-increasing bank of templates, to 100s of hours’ worth of presentations and mentors, our membership plans are packed with awesome sales enablement resources. </p> <div class="post-upgrade-buttons-wrapper"> <a class="button large primary" href="/signup/">Subscribe now</a> </div> </div> </aside> <aside class="post-upgrade-cta get-cert-cta" style="display:none;"> <div class="post-upgrade-cta-content"> <img src="/content/images/2024/07/android-chrome-192x192.png" alt="Finance Alliance icon" class="site-logo" /> <h2>Get product marketing certified.</h2> <p class="post-upgrade-cta-desc"> PMMC™ unleashes product marketers’ potential. Lauded by leading lights like Facebook and HubSpot, it offers expert insights, priceless tuition, and awesome resources. No topic missed. No page unturned. </p> <div class="post-upgrade-buttons-wrapper"> <a class="button large primary" href="https://certified.productmarketingalliance.com/p/product-marketing-certified-core" target="_blank">Get certified</a> </div> </div> </aside> <section class="post-full-authors post-full-authors-with-bio"> <section class="author-card"> <div class="post-full-authors-content"> <p>Written by: </p> </div> <a href="/author/asif/"> <img class="author-profile-image" src="/content/images/size/w300/2023/02/Asif-.jpeg" alt="Asif Masani" /> <section class="author-card-content"> <h4 class="author-card-name">Asif Masani</h4> <p>Asif Masani has 12 years of experience across banking, pharma, and EdTech. He leads APAC FP&A at Coursera. He is author of "All About FP&A" & on a mission to help 1M professionals master FP&A skills.</p> <div class="post-full-footer-right"> <div class="author-card-button">Read More</div> </div> </section> </a> </section> </section> </section> <section class="subscribe-form"> <p>Get industry insights</p> <form data-members-form="subscribe"> <input data-members-email type="email" required="true" placeholder="youremail@example.com" /> <br> <button type="submit">Join</button> </form> </section> <aside class="read-next"> <aside class="read-more-wrap outer"> <header class="read-next-card-header"> <h3><span>More in</span> <a href="/tag/fp-a/">FP&A</a></h3> </header> <div class="read-more inner"> <article class="post-card"> <a class="post-card-image-link" href="/5-steps-collaborative-budgeting-process/"> <img class="post-card-image" src="/content/images/size/w800/2024/10/FA_Website_Article_Images_Doodles--4-.png" alt="5 steps to avoid budget fails with collaborative budgeting" /> </a> <div class="post-card-content"> <div class="post-visibility-public" href="/signin">Members-only</div> <a class="post-card-content-link" href="/5-steps-collaborative-budgeting-process/"> <header class="post-card-header"> <h2 class="post-card-title">5 steps to avoid budget fails with collaborative budgeting</h2> </header> <section class="post-card-excerpt"> <p>Getting everyone on board can turn a chaotic budget into a united company plan that works. 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<p>Here are six steps (and tips) to transform financial planning into a platform for strategic alignment......</p> </section> </a> <footer class="post-card-meta"> <ul class="author-list"> </ul> <span class="reading-time">4 min read</span> </footer> </div> </article> </div> </aside> </aside> </article> </div> </main> <div class="floating-header"> <div class="floating-header-logo"> <a href="https://www.financealliance.io"> <img src="/content/images/size/w100/2024/07/android-chrome-192x192.png" alt="Finance Alliance icon" /> <span>Finance Alliance</span> </a> </div> <span class="floating-header-divider">—</span> <div class="floating-header-title">7 tips for finance to get closer to business</div> <div class="floating-header-share"> <a class="floating-header-share-tw" href="https://twitter.com/share?text=7%20tips%20for%20finance%20to%20get%20closer%20to%20business&url=https://www.financealliance.io/7-tips-for-finance-to-get-closer-to-business-2/" onclick="window.open(this.href, 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