Eliminating Process and Data Silos

Published On:
March 31, 2021
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The planning, budgeting, and forecasting processes are not only core responsibilities of the finance function but also present some of the most fundamental channels in which finance must coordinate with other functions and departments in the organization. These three core processes require finance to leverage critical data points from across the organization and gain the proper context from stakeholders. It’s up to finance to ensure it has full access to critical information and meaningful participation from its partners in the business.

Excerpted from APQC’s 2021 edition of Blueprint for Success: Planning, Budgeting, and Forecasting, this article details how finance can break down process and data silos and includes real-world examples of process optimization.