Developed by CFOs and finance leaders the AICPA-CIMA Finance Assessment Model for Effectiveness (FAME) enables finance teams to assess their current state of effectiveness and chart a journey to their desired transformed future state.
The framework identifies the five dimensions of finance effectiveness, starting at Scorekeeper and culminating at Finance Futurist. This whitepaper details the subdimensions and underlying competencies, capabilities, and technologies that enable finance leaders to assess their functions and provide a road map to the higher levels of effectiveness.
In this future state, finance delivers predictive insights and easy access to data and reporting in a well-controlled environment where risks are managed, and opportunities identified and seized. We are calling this phenomenon “Finance 5.0.”