- October 26, 2012
- Member: FREE
Financial management (FM) process improvement, done properly, can lead to a significant boost in staff productivity and better cycle time. And doing more —and going faster—can slash finance’s operating budget. But some CFOs hesitate because FM process improvement can mean a hefty up-front investment. Process owners must develop a clear picture of the hard-dollar savings possible. Mary Driscoll, senior research director at APQC, models the economic benefit of improving a variety of FM processes, from payables processing to invoicing and remittance processes.