Something to Consider March 2018 – Process Excellence Requires Continuous Improvement
The finance function has transformed in recent years from one where the emphasis was solely on reporting the numbers, cutting costs and complying with regulations to one that now seeks to be a more integral business partner to management across the organization.
Technology has helped drive down costs associated with manual processes, but challenges that prevent finance from being truly transformational still remain. Many companies have already taken the first step: consolidating and standardizing systems, as well as adopting automated processes to replace outdated, manual ones. It’s crucial that both these steps occur, as automation can make bad worse, faster!
This article explores what companies need to do next to maximise efficiency and effectiveness of end-to-end processes. You can find it here
Our ‘Something To Consider’ snippets are framed as small, digestible, ‘dashes of insight’ around the pillars of what we define as “World Class Finance” – Process Optimization, Financial Control and Compliance, and Risk Assurance, all underpinned by technology enablement and integration.