Best Practice Report

Finance Transformation: A Practical Guide To Streamlining Finance Functions That Pay Off

November 18th, 2008
With contributors:
Sharyn Leaver , Ralph Vitti

Summary

Finance transformation has helped companies achieve cost savings and process efficiency across multiple finance functions — especially those with global operations facing redundancy and undue complexity. Drivers for finance transformation extend beyond cost to include higher productivity, mitigation of reduced human capital resources, and better business decisions and analysis. But achieving total finance transformation often takes years and requires detailed planning and execution with the top talent that the enterprise can muster — a tall order for these difficult economic times. To quickly reap the benefits of financial transformation, finance professionals should start down a practical and cost-effective path that focuses on the highest-value areas and taps your best people.

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