The regulatory environment in which banks operate is becoming more complicated. This increases the burden on banks’ Finance divisions. Simultaneously, banks are responding to diminished revenue prospects by cutting costs. To satisfy these opposing imperatives, Finance divisions must learn to do more with less.
In this Point of View, Finance Capabilities: Doing More with Less - The Role of People, we outline five ways Finance divisions can improve employee productivity by changing the way they recruit, train and organize their staff – or, in other words, by changing their “people model.” Implementing these changes is challenging, but with the right ideas and the right leadership, it is achievable. Finance divisions can become faster, more accurate and more flexible in their support of the complex businesses they work with.
