The Power of Financial Management Process Improvement



  • Type:
  • Published:
  • October 26, 2012
  • Author:
  • APQC
  • Pages:
  • 30
  • Price:
  • Member: FREE
Classic Content

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.



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