Stuart goes on to highlight that the amalgamation of four businesses into one has enabled the teams to do“ more with less” thanks to various technological tools, resulting in enhanced efficiency. However, he emphasises that this would not have been possible without working together.
Further, Natalia notes that both procurement and finance play a crucial role in setting governance:“ Procurement and finance teams set up controls over spend to provide assurance to the shareholders that the money was invested wisely.
At the same time, it is important that we do not stifle business growth with‘ over-governance’.
“ As a result, we developed our approvals thresholds and workflows to enable business to make the investment decisions within the delegation of authority and agreed budgets.”
Stuart continues:“ Finance and procurement need to be aligned in designing governance for the business to ensure it is as efficient as possible. Our workflows are built into the systems, which support the control environment and aim to make the governance process as seamless as possible.”
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