- August 3, 2016
- Mary Driscoll
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APQC’s 2016 research shows that finance function improvement programs—some very large in scope—are back in full swing after a long lull. CFOs have heard a loud message coming from the business side: put finance’s problem solvers to work on generating analyses that is both practical and predictive. That explains why many CFOs agree that finance needs to imbue itself with data science knowledge.
But stubborn obstacles, particularly those that impede the flow of financial information, must be addressed before finance can partner with the business in meaningful ways. As for cost-cutting in finance, that’s got to be done as well to satisfy internal customers.
APQC’s research, including practitioner interviews, demonstrate that CFOs and their teams at large, complex global companies are now pushing hard on the following fronts:
- Stronger competencies in Financial Planning and Analysis (FP&A)
- Fast and affordable transaction-processing