- October 30, 2013
- Member: FREE
Finance needs to provide insight and market intelligence so that the business can make decisions when necessary, and quality financial information is the key to a successful partnership between business and finance. Between 2011 and 2013, 78 percent of survey respondents have been involved in a major or significant finance process change. Almost half (48 percent) of finance process changes were approved in order to improve the quality or usefulness of financial information.
By improving the quality of finance information, using driver-based planning and analytics, and implementing technology to bridge informational and process gaps, finance functions can become great partners to the business.