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Building the 21st Century Finance Function

An Interactive 5-Day Training Course

Building the 21st Century Finance Function

NASBA

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Course Summary

World class organisations have a new vision for the role of the Chief Financial Officer (CFO) and the finance function as key business partners, the most enlightened companies are already well on the road to realising this vision. In the globally competitive world of the 21st century an organisation can only hope to succeed if the finance function can shake off its traditional ‘back-room’ image and partner and engage with the organisation to help to build a critical competitive advantage in some key areas.

This leading-edge training course explains:

  • The big challenges facing today’s CFO and finance team
  • The role of the 21st century finance in
    • Creating and delivering value to key stakeholders
    • Providing enterprise performance management systems
    • Strategic activity based decision making
    • Identifying and managing risk
    • Developing vision and team leadership in the finance function
Course Outline
Day 1

21st Century Challenges for the Finance Function

  • The burden of detail and compliance
  • The increasing pressures on time and cost
  • Key questions for the 21st century CFO
  • The ‘T’ shaped finance professional as business partner
  • The modern finance toolkit
Day 2

Finance Role in Creating and Delivering Value to Key Stakeholders

  • Understanding the strategic context of the challenge
  • Defining organisational vision and values
  • Using strategic analysis tools
  • Defining and developing a winning business model
  • Formulating the right strategy for the business and the parent
  • How a strategic approach to finance adds value
  • Using the right tools: balanced scorecards
Day 3

Enterprise Performance Management (EPM) Systems

  • Defining and delivering shareholder value
  • Why 70% of organisations fail to achieve planned success
  • Using a Performance Management System to link strategy to operations
  • Understanding and using strategic themes and maps
  • Understanding and defining key financial objectives and their drivers
  • Mapping shareholder value improvement to organisational improvement areas
  • Practical tips on identifying key success factors (KSF’s)
  • Defining and building a balanced scorecard four your organisation
  • Developing key performance indicators (KPI’s) and key results indicators (KRI’s)
  • Using the right tools: Economic Value Added (EVA) Shareholder Value Added (SVA)
Day 4

Strategic Activity Based Decision Making

  • Understanding cost behaviour
  • The shortcomings of traditional approaches to calculating profit
  • An activity based approach to understanding cost behaviour
  • A strategic approach to pricing products and services
  • Calculating the profitability of customers, products and services
  • Strategic activity based decision making
  • Strategic cost reduction
  • Using the right tools: Activity Based Costing (ABC) and Budgeting (ABB)
  • Case study: using ABC to improve decision making
  • The shortcomings of and alternatives to traditional budgeting systems
Day 5

Identifying and Managing Risk

  • Defining and identifying risk
  • Classifying and understanding risk
  • Treating and managing risk as an opportunity
  • Quantifying and evaluation risk
  • Using risk to inform investment decisions
  • Using effective investment appraisal tools
  • Identifying key risks and key business drivers
  • Designing and using forecasts to manage risk
  • Designing and using forecasts to manage cash flow
  • Best practice in using Excel™ forecasts for effective decision making
  • Using the right tools: Discounted Cash Flow models, PESTLE analysis
  • Case study: using Excel™ to build a ‘what if’ key driver forecast
Day 6

Leading and the 21st Century Finance Function

  • The role of the visionary CFO
  • Why 21st century organisations need more leaders
  • Understanding the importance of organisational culture
  • Challenges and approach to managing change
  • Building and leading the winning team
Day 7

Improving Finance Function Systems and Processes

  • Transforming the finance function: back office to front line
  • Executing a ‘fast close’ to improve finance resource usage
  • Why world class organisations are moving to shared services
  • A decentralised approach to organisational management
  • Beyond Budgeting: Adaptive Management Processes
  • Using the right tools: implementing rolling forecasts
  • Case study: Handelsbanken – leaders in decentralised decision making
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
  • Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers

Endorsed Education Provider

NASBA
Options & Brochure
Related Categories
Finance & Budgeting

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

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Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email info@glomacs.sa . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our Customer Service team or email info@glomacs.sa

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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