Digital Finance Function Model (DFFM)
Generation CFO’s new unifying framework
CFOs need to adopt a new model to bring traditional finance and digital finance together. The DFF Model is divided into four parts with ten elements.
Digital Finance Function Strategy
How is finance going to help deliver on the business strategy?
Business Partnering Engagement
Are we adequately aligned with the business and capable of succeeding in this business?
Business Asset Insight
Who are our stakeholders and what are their needs and expectations?
Importance & Value
Why should we invest? What unique value are we providing?
How does the opportunity break down and which ones do we go after?
How will we create these products and services, and how will we mobilise?
Which business process should we optimise, how do we automate them and how do continue to improve performance?
What does the business need from data and how do we visualise it effectively?
How can we improve business decision making and performance, how do we accelerate this value chain?
Data & Governance
What data do we need to support finance, how can we create value from data and technology? Who will own data and lead digital finance?