Increasingly, prudent companies are drawing their finance organizations into greater collaboration with the operational aspects of the enterprise. Moreover, companies are asking their financial officers to take on a more prominent role in defining company strategy.
- Agile. Centralizing processes – such as shared financial services, risk analysis, and compliance –can provide consistency that enables a company to implement changes once, quickly reaching the entire enterprise.
- Connected. The integration of a company’s operations with its financial function fosters a common view of its current state and future direction
- Metric-driven. Leading companies measure their successes, such as the effectiveness of their transactional processes and the efficiency that finance contributes to the overall organization.
- Automated. With process reliability, financial professionals can shift their focus from repetitive and manual transactional tasks to more strategic business analysis.
- Integrated. Silos are dismantled and all relevant financial and operational functions are considered when making critical business decisions.
- Consolidated. A common technical platform eliminates implementation of process or regulatory changes on a system-by-system or subdivision basis.
- Tactical. Processing financial transactions efficiently and in strict legal compliance solidifies a company’s standing in the financial, analyst, and shareholder communities.
- Strategic. Finance drives strategy and innovation, enabling the growth of an organization, facilitating the changes that come with that growth, and managing risk.