Curious to see how your finance team stacks up? Take our free Finance Team Test –designed to show business leaders exactly how well their finance function is performing. In just 20 short questions, you’ll gain valuable insights into your team’s strengths, identify where improvements could be made and get a clearer picture of your team’s performance.
Click here to take the free test now.
What Makes a Finance Team Truly Effective?
Building a high-performing finance function doesn’t happen overnight. At Headstar, we use the Finance Function Pyramid to assess finance teams at every level – ensuring a strong foundation for success.
- Data – At the base lies reliable data. Everything from sales figures to operational costs must be recorded correctly and consistently. Roles like credit controllers and purchase ledger clerks are essential here.
- Control – Next comes control, ensuring robust processes and minimising errors. Senior transactional roles, such as finance or credit control managers play a key part.
- Information – With effective controls in place, your team can derive valuable insights, transforming raw data into strategy-informing insights. This level includes financial controllers, management accountants, and analysts.
- Wisdom – At the top is wisdom, where insights guide forecasting and strategy. This is the realm of finance directors and CFOs.
A strong finance team needs all four layers working effectively – but how does yours measure up?
In our short test, you can expect questions covering a range of topics, from how data is recorded and reconciled, to the effectiveness of your reporting and analysis, and the level of financial transparency and control in your organisation. Your responses (on a scale of 1-10) will help to assess your team’s performance across the four key areas: Data, Control, Information, and Wisdom.
Click here to take the free test now.
Want to take it a step further?
Book a free 1:1 discovery session, where we’ll review your team’s results and outline an action plan tailored to your business.
