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While the property developer, architect, and building contractor may form a strong team, they will be unable to get a major real-estate project off the ground without a financial specialist on board. He or she is the link between the requirements and concept on the one hand and the project’s financial arrangements on the other.
In a company, the CIO and CFO have common objectives: more added value and more profit. But they have to take different interests and stakeholders into consideration. The IT department wants to be a service provider and driver of innovation, and is dependent on capital expenditure. The finance department, meanwhile, has to justify their actions to auditors, the board of management, and shareholders.
Intelligent and flexible financing concepts bridge this gap. Lean processes are crucial and customized billing models that slot into a company’s structures – and that give the finance department the flexibility that it wishes to grant to colleagues in other departments.