Enterprise planning, budgeting, forecasting and analysis, and other aspects of financial performance management used to be relegated to finance, but this is increasingly no longer the case.
Today, business units, departments and other parts of the organisation have become active participants in financial performance management, which has become a strategic function because of a volatile marketplace than can change course on a dime.
In this white paper, IBM argues that setting up a Finance Center of Excellence can provide the reusable knowlege, discplines and best practices to make financial performance management initiatives possible.
- A Growing Need for Finance Centers of Excellence
- What Is an FCOE and What Does It Do?
- What Benefits Come with an FCOE?
- FCOE Functions
- Teaming With IT
- Efficiency and Effectiveness