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Finance Function



The difficulty in evolving the finance role lies in bridging the current gap between the finance function that emphasizes greater efficiency and the finance function that becomes a partner in managing the business.
Related to Finance Function: Accounting and Financial Management, Business Intelligence (BI), Business Performance Management (BPM), Competitive Analysis, Compliance Management/Sarbanes-Oxley Compliance, Regulatory and Compliance, SAP, Finance and Insurance
The difficulty lies in bridging the current gap between the finance function that emphasizes greater efficiency and the finance function that becomes a partner in managing the business.
Related to Finance Function: Accounting and Financial Management, Business Performance Management (BPM), Business Process Outsourcing, SAP, Finance and Insurance
name = TEC_WP; Performance Management: an Ex-Industry Analyst View by Systems Union --> Email this to a friend View More Related Papers Receive White Paper Updates White Paper Description This white paper reviews the need for broader financial management solutions that enable the finance function to deliver greater transparency and visibility of business information.
Related to Finance Function: Accounting and Financial Management, Business Intelligence (BI), Enterprise Performance Management (EPM)/Balanced Scorecard, Systems Union, Finance and Insurance, Management of Companies and Enterprises, Management, Scientific, and Technical Consulting Services
The role of the finance function is changed by three things: Regulations on the one hand, with competition and investor expectations on the other. As a result, the finance function is pulled in two directions.
Related to Finance Function: Accounting and Financial Management, Business Performance Management (BPM), Data Management and Analysis, SAP
Gains can include alleviating the burden on the central finance function and transforming its role into that of overseer rather than executor of the process.
Related to Finance Function: Accounting and Financial Management, Business Intelligence (BI), Business Performance Management (BPM), Compliance Management, Compliance Management/Sarbanes-Oxley Compliance, Enterprise Performance Management (EPM)/Balanced Scorecard, Payment, Clearing and Settlement Systems, Regulatory and Compliance, SAP
And establishing performance metrics requires expertise that often resides in the finance function.
Related to Finance Function: Business Activity Monitoring (BAM), Customer Relationship Management (CRM), Customer Service and Support, Enterprise Marketing Management (EMM)/Marketing Resource Management (MRM), Management Practices, Strategy, SAP
The require ment to close books quickly and with quality is emerging again as an important project for today global finance function.
Related to Finance Function: Accounting and Financial Management, Budgeting, Financial Planning, and Analysis, Business Process Management, Data Management and Analysis, Gain/Loss Reporting, Tax Preparation and Reporting, SAP
This is partly owing to new technologies which enable the finance function to drive a performance culture deep into the organization.
Related to Finance Function: Accounting and Financial Management, Asset Management, Budgeting, Financial Planning, and Analysis, Business Performance Management (BPM), Compliance Management/Sarbanes-Oxley Compliance, Data Cleansing, Conversion, or Modeling, Data Management and Analysis, Enterprise Accounting, Gain/Loss Reporting, Regulatory and Compliance, Small Business Accounting, Tax Preparation and Reporting, Infor
One company executive has a growing influence in today?s boardroom?the chief financial officer (CFO). And the role of the finance organizations that these CFOs lead is expanding as well. Examine the changing role of the finance organization in today?s business environment, learn how your CFO can take on a more prominent role in defining company strategy, and find out how you can develop a best-run finance organization.
Related to Finance Function: Accounting and Financial Management, Compliance Management/Sarbanes-Oxley Compliance, Strategy, SAP, Finance and Insurance
The finance functions at these companies consistently are more involved in alliance activities, and typically use formal, documented evaluations of alliance opportunities more often. They are also more likely to conduct qualitative evaluations of alliances. Respondents from these companies rate their finance functions as either "adequate" or "excellent" in all activities at higher rates than do their peers at companies without dedicated resources.
Related to Finance Function: Change Management, Collaboration and Groupware, Collaborative Work, Management Practices, Partnership Management, Practices and Business Issues, Risk Management, Strategy, SAP
They"re transforming the finance function into a source of new savings, efficiencies, competitive advantages and increased shareholder value.
Related to Finance Function: Accounting and Financial Management, Business Process Automation, Business Process Management, Enterprise Accounting, Practices and Business Issues, SAP
It is apparent that the finance function does not see a need to actively seek inputs from outside their core environment.
Related to Finance Function: Business Intelligence (BI), Data and Application Distribution, Database Management System (DBMS), Electronic Distribution and Storage, IT Infrastructure, Office Application and Automation, Return on Investment (ROI), Technology Tools and Methods, Quocirca Ltd
Transitioning to international financial reporting standards (IFRS) is more than just a mandate?it?s an opportunity for companies to improve their financial consolidation and reporting systems, and enable rapid legal compliance. But making the switch requires careful planning, thoughtful execution, and support from personnel throughout the enterprise. Find out how your company can manage the change.
Related to Finance Function: Accounting and Financial Management, Consolidation Statements and Performance Reporting (CS-PR, Aggregation), Enterprise Accounting, Regulatory and Compliance, Tax Preparation and Reporting, SAP
 
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