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Bangkok Post, Thailand, Leading the Way column.
- Article from:
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Bangkok Post (Bangkok, Thailand)
- Article date:
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August 10, 2004
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Copyright informationCOPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Iain Brewster
Aug. 10--IMPROVED DATA COLLECTION OFFERS HUGE BENEFITS: Recent regional surveys have found that potentially more than 70 percent of executives expect finance and accounting outsourcing to increase over the next three years (a similar trend to that found in Europe and North America).
So what does this indicate? Does it suggest that finance is a non-core function? Does it suggest that the finance function adds little value to a business?
Let's start with the basics: What does a typical finance function actually do?
First there is budgeting and forecasting; putting the numbers to the things the business wants to happen. Next is cash and ...