Finance functions in government and the public sector face one common and pervasive challenge - balancing competing demands of finance efficiency, compliance and control, and insight. In any organisation, finance must juggle with running efficiently, demonstrating value for money while establishing and maintaining effective controls to manage risk, and delivering real insight to the business.
Finance at the crossroads: The changing role of finance in government and the public sector is part of a wider global research project on the future of finance in the public sector and examines the trends, issues and changing environment faced by finance directors across the UK public sector. The findings demonstrate that finance in the sector is at a crossroads and faces significant challenges. The current economic climate means that now more than ever finance must speak up - and be listened to. However, a place at the top table will only be earned when finance is seen not simply as a scorekeeper but as a business partner, adding value across government and the public sector.