If we've learned anything during the early years of the 21st century, it's that organizations that want to succeed must be flexible and adaptable. This is especially true for finance organizations.

Long viewed as a support function, the traditional finance department has been more reactive than proactive. However, the role and structure of the corporate finance department must be reexamined and revamped if finance is to become a true business partner on equal footing with every other function in the company.

In a word, the finance department of the future must be transformed. It must be structured so that finance professionals can flex and morph as needed to meet the challenges presented by ever-changing business and economic conditions.