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For Application Development & Delivery Professionals

Align Financial Processes And Systems For Better Business Value And Compliance

August 18, 2011

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Authors

  • By Paul D. Hamerman
  • with Rob Karel,
  • Emily Fowler-Cornfeld

Why Read This Report

The three key activities of corporate financial management take place on a continuum of the past (reporting and compliance), present (analysis and measurement), and future (planning and forecasting). Financial business process (BP) professionals must coordinate the activities that are part of this financial process life cycle (FPLC) to enhance the value of information within the business and drive better execution of compliance imperatives — but automation and integration gaps discourage their efforts. By treating the full array of financial activities as a cycle or continuum, financial BP pros can more effectively integrate and automate these activities, creating a valuable resource of historical, performance, and predictive information. This information will give financial BP pros a better understanding of past results, current business performance, and expected future results and improve their ability to make strategic and tactical decisions.

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Table of Contents

  • Financial Processes Require Accuracy, Insight, And Integration
  • The Financial Process Life Cycle Integrates Information Across Time Dimensions
  • Historical Processes Encompass Accounting, Reporting, And Compliance
  • The Present Dimension Measures The Health Of The Business
  • Future-Oriented Processes Provide Predictive Visibility And Fiscal Discipline
  • RECOMMENDATIONS

  • Use Technology To Drive The Benefits Of An Integrated FPLC
  • WHAT IT MEANS

  • Agile Financial Processes Enable Companies To Perform Better
  • Related Research Documents