Financial Fitness: Benchmark the Total Cost of Your Function

 

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Finance functions are still spending more time in transaction processing than in decision support, control, and management activities, despite leadership aspiring in recent years to spend more time and resources on the latter.

This article contains benchmarking information on finance organization, as well as costs and efficiency of accounting processes. Additionally, Peter Moller, partner at Deloitte, provides APQC with insight into these finance benchmarks and how organizations can use them to save costs and improve value.

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