Transcription of www.pwc.com Finance Function Transformation
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www.pwc.com Finance Function Transformation
Finance class is often (mis) represented as lowest cost. Although the costof Finance as a proportion of revenue for most companies has fallenover the last decade, the recent surge in effort to deal with changingcompliance and reporting standards has temporarily halted the compliance demands threatening to create sustained costpressures, Finance has had to find ever more innovative ways to ensureprocess and organisational efficiency, by taking advantage of the latesttechnologies and strategies on the market. If companies don t act tocontinue driving efficiency the relative cost of the Finance functioncould the same time, top Finance managers can see the opportunity tomove the Finance Function from score keeper to business partner, byleveraging the insight that comes through understanding, not only thenumbers but the drivers behind the figures to drive better businessperformance.
2. A finance function that is strong in business partnering, so that it supports the consolidation and growth phase, while carrying on compliance and control functions 3. Designing “best-in-class” processes that call for efficient business functioning 4.
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