The Benefits of Streamlining Financial Management Processes: The Soft-Dollar Benefits Can Turbo Charge the Hard-Dollar ROI

 

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In this white paper by Mary Driscoll, APQC senior finance fellow, explores the weaknesses in core areas such as payables, receivables, and budgeting are explored. The good news is that the benefits of improvement are not hard to identify. Recent data from APQC’s Open Standards Benchmarking illustrate the negative effects of ignoring redundancy, the procedures that keep expensive people doing menial tasks, paper-clogged work flows, and armies of people performing manual tasks.

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