Standardize Finance Processes

Organizations are using process improvement techniques and methodologies to raise the quality of analysis done by finance to assist decision makers in the business. Because organizations are looking at the need to boost the productivity of investors’ capital, finance is being called upon to discover and explain the drivers of revenue growth and profitability across the enterprise.

Whether large, growing global companies or local or regional finance groups, change agents must stress the importance of standardized processes to enable the changes being made. When an organization is considering a finance process change, it is imperative also to consider the reasons for doing so and then adapt as needed.