As finance ops move from being perceived as a back-office function to a growth accelerator, let’s take a deeper look at what FinOps function does, why you need it, what an ideal FinOps team looks like, and some best practices.
It’s a regular Tuesday. Or it could have been, but you’ve just been given the task of preparing a revenue report. There’s a plethora of jargon and definitions. Suddenly, terms like ‘bookings’ and ‘billings’ start sounding the same. And terms like ‘collections’ and ‘recurring revenue’ only add to the confusion.