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Regulatory shifts. Data explosion. Compressed business cycles. Geopolitical uncertainty. Industry conversion. Talent wars. Ever-evolving consumer behaviors.

Change today is both rapid and relentless, and business leaders increasingly turn to finance leaders for strategic guidance around which levers to pull in order to minimize risk, maximize opportunity, and ultimately, generate more value for the enterprise.

Assuming a more strategic approach isn’t simply a matter of motivation for next-generation finance leaders. Today’s finance professionals need skills, capabilities, and technologies to fulfill their traditional remit while also delivering insights that help shape the organization’s future. The Finance Assessment Model for Effectiveness (FAME), developed by AICPA & CIMA in collaboration with CFOs and senior finance leaders from Fortune 500 and Global 1000 companies, offers a structured approach to achieving just that.

Every organization’s starting point is different, just as every organization’s journey will be unique. But—universally—the most important step is the first one: understanding where you are today.