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Excellence in finance: Transforming the business
Excellence in finance Transforming the business Author:The Economist Intelligence Unit Written in Cupertino with Arthur Andersen, this report will help CFOs, finance directors and other senior executives understand the transformation of finance into a trusted business partner of the CEO. It provides insights into how some of the world's most successful companies have transformed their finance capability into a strong strategic wea... more »pon. Using the Arthur Andersen Finance Transformation Framework, the report offers practical advice on the finance transformation process, based on steps taken by outstanding finance organisations that have enabled their companies to prosper in the face of rapid and unpredictable change. The findings in the report were compiled from personal interviews with over 75 senior executives, CFOs and finance directors and from responses to a global survey completed by more than 200 senior finance executives. This report will show how finance can significantly affect:
Corporate strategy: how high-performing finance organisations can become an integral part of operating decisions
Customer value: How leading CFOs are spending more time in the field to gauge what factors drive revenue growth so that finance can do a better job of monitoring that growth
Operating excellence: How excellent finance organisations combine the resources of the firm, including R&D, manufacturing, marketing and distribution, to create value
Financial management practices: How the most successful finance organisations regularly and rigorously analyse the interrelationships among business processes to drive effective decision-making
Resource allocation: How CFOs are investing in people skills, analytical tools and information management systems that will create strategically relevant capabilities.« less