Financial services organizations are always looking for ways to improve business processes to implement tighter control—and improve the bottom line. But finding new ways to boost efficiency is challenging. One strategy for success is to improve the use and allocation of resources in order to eliminate errors from duplicate data entry. Discover more about this strategy and two others, as well as how they can benefit you.
now to the three key success strategies for tighter controls and an improved bottom line. Success Strategy 1: Improving Use and Allocation of Resources The Context Ask any CFO, financial manager, or comptroller to point to the prime cause of operational inefficiency, and they'll tell you it's unnecessary duplication of effort in other words, entering the same data into multiple, disparate systems (such as purchasing, accounts payable, etc). Inevitably, these separate systems lead to a lack of process