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ARTICLE · 24 APRIL 2025

How To Build A Lean, Efficient, Effective Finance Organization? Leverage Technology Over People

No CEO or CFO wants to be asked by the Board: "Why is the finance department headcount so high?" Given that fact, why are there so many finance organizations...

United StatesFinance and Banking

No CEO or CFO wants to be asked by the Board: "Why is the finance department headcount so high?" Given that fact, why are there so many finance organizations that are a significant part of a company's SG&A? And, how can finance leaders simplify and solve this challenge?

The size of a finance function can vary by company.

At Riveron, we have observed a variety of finance organizations, including a $250 million revenue company with more than 200 people in finance (granted, most were offshore) and a $1 billion revenue company with 250 people in finance. Sometimes headcount is due to a company's complexity, but, more often than not, the team size is due to how the company was built: solving the task at hand (a band-aid approach) versus creating the best solution (which challenges the status quo and often requires uncomfortable change).

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