Gartner Insights Abstract

Use Tailored Stakeholders Updates to Steer Finance Transformation

Published: 24 June 2024

Summary

Finance transformation leaders face challenges in effectively updating stakeholders during governance meetings, which can result in resistance and slower progress. Drive stakeholder engagement and transformation success via a four-part communication framework.

Included in Full Research

Overview

Key Findings
  • Finance transformation efforts often suffer from a lack of momentum due to stakeholder disengagement.

  • Efficient communication and effective stakeholder management are among the most critical areas of improvement for transformation leaders, according to the 2023 Gartner Key Components of Successful Enterprise Transformation Survey.

  • Ineffective stakeholder management hinders the progress of finance transformation by making it challenging to gain key stakeholders’ support, alignment and active participation in the transformation process.

  • Untailored meeting agendas and ineffective presentations often undermine the potential for governance sessions to help maintain transformation momentum.

Recommendations
  • Set up a regular governancemeeting cadence to keep steering committee members and

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Analysts:

Marco D'Ascoli

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