Transforming finance - Case Study : Transforming finance / UK Government Finance Function

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Transforming financeCase Study — UK Government Finance FunctionThe UK Government’s Finance Function is part of the country’s Civil Service. It brings together a diverse range of disciplines and expertiseContents

Putting finance at the heart of decision-making

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The UK Government’s Finance Function is part of the country’s Civil Service. It brings together a diverse range of disciplines and expertise — from strategic business partners to accountants, to risk and audit professionals. The Function is tasked with making sure public money is spent efficiently and effectively, ensuring the delivery of high-quality public services.Collectively, more than 10,000 finance professionals are responsible for supporting the management of over £800 billion of public expenditure each year, as well as over £2,000 billion in assets and £4,500 billion of liabilities.For an organisation as large and complex as the UK Government, ensuring a standard approach to finance is a challenge. In the face of a changing technological landscape and a greater demand for operational efficiency, the Government has launched a programme to make sure its Finance Function will play a more strategic role and to place technology at the heart of this strategy.We spoke to Tim Wheelhouse, Head of Finance Technology.