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The Finance Function:
Global Solutions for Global Challenges


Free Case Study : StatoilHydro

Summary
Oil and gas giant StatoilHydro has a vision of being a world- class finance function by 2012. In driving toward this goal, it is reshaping the finance delivery model from both efficiency and effectiveness standpoints.

In this case study, senior StatoilHydro executives describe several core initiatives that are helping the organization move toward world-class status. They describe the creation of a global shared services organization that includes finance; the balanced scorecard, which is deployed widely throughout StatoilHydro, including for the finance function and finance department levels, and a new, innovative approach to planning and performance management that had led to the jettisoning of the conventional budget.

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