As we move toward the second half of the year, CFOs and finance leaders are taking stock. Budgets are tightening, markets are shifting, and expectations for financial transparency and agility are only increasing. Amidst it all, one critical question needs to be asked:
Is your finance function truly set up for growth?
At Alliance, we work alongside the office of the CFO to assess, strengthen, and scale finance organizations. A mid-year check-in is the perfect opportunity to identify what’s working—and what needs to evolve.
Here are five key areas to evaluate:
1. Your Reporting Isn’t Just Accurate—It’s Actionable
It’s one thing to close the books. It’s another to deliver insights that drive business decisions. Ask yourself:
- Is your reporting timely, relevant, and forward-looking?
- Can your leadership team rely on your data to make real-time decisions?
If you’re still spending more time compiling data than analyzing it, it might be time to modernize your reporting structure or systems.
2. You Have the Right Mix of Talent—Now and for What’s Next
Growth demands a blend of strategy, execution, and adaptability. That means:
- Do you have leaders who can think long-term and team members who can execute the day-to-day?
- Do you have succession plans in place?
- Can you access interim support or specialized talent when needs arise?
If your team is stretched thin or missing key skill sets, it may be time to rethink your workforce strategy.
3. Your Finance Technology Is Enabling—not Inhibiting—Scale
Are your business systems aligned with your growth goals? If your team is still operating in spreadsheets, disconnected systems, or out-of-date ERPs, scalability becomes impossible.
Mid-year is a great time to evaluate your tech stack:
- Are your systems integrated?
- Do they support automation, real-time visibility, and scalability?
- Do your people know how to use them effectively?
4. You’re Prepared for Change—Planned or Unexpected
Growth is rarely linear. Whether you’re preparing for an acquisition, entering new markets, or responding to new regulations, agility is key.
Strong finance functions have processes and partners in place to navigate complexity with confidence. That includes:
- Clean technical accounting and financial reporting
- A defined finance transformation roadmap
- Access to strategic consulting and interim support when things shift unexpectedly
5. You Have a Trusted Partner to Call On
You shouldn’t have to go it alone. A consulting partner like The Alliance Group brings a flexible bench of experts ready to help you:
- Execute a finance transformation
- Improve your month-end close
- Stand up a new reporting model
- Navigate M&A activity
- Fill interim leadership roles
- Select and implement new systems
We’re more than a service provider—we’re your strategic ally in growth.
Ready to Check In? Let’s Talk.
Your finance function should be more than operational—it should be a driver of strategic value. If your mid-year review reveals gaps, roadblocks, or opportunities, we’re here to help.