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4 Tips for Using Financial Management Benchmarks Wisely
Finance professionals naturally understand the rationale of measuring managerial and operating progress, so wielding those measures’ corresponding benchmarks should be a straightforward exercise. But a word of caution is due. The impulse to act quickly with benchmarks can take a finance group in…
Three Reasons Why Finance Transformation is Back in Vogue
Finance process improvement is back in full swing—or is it? Some would argue that it’s not back, per se; they’d say it never left. Surely they are thinking of companies run by CEOs with the will to make process excellence a cornerstone of competitive strategy. But what about those without such…
Analytics Maturity: Getting the Intersections Right
In any organization, during the early stages of building analytical muscle, there will be competing views on what the maturity ladder looks like. To sort out what’s what, start with a common language for describing how analytics will serve strategic aims of the enterprise as a whole. Avoid being…
Why and How Often to Benchmark Finance
The cost of finance operations at the typical large company has been cut in half over the past decade. CFOs got what they wanted: talented and dedicated people doing more with less, and those with a knack for stats polishing their analytical contributions. So, I got to wondering: what’s behind the…