Re-engineering the finance function.(finance function comparisons)

Management Accounting (British);  February 1, 1996 ;     700+ words ......requirement for recruitment into the finance function is a lack of interest in ski-ing...perceived their colleagues in the finance function t be: * hard working and honest...therefore reasonable to consider how the finance function is seen, what its role is and what...

THE FINANCE FUNCTION OF THE FUTURE - A Short Story

Accountancy SA;  July 1, 2005 ;     700+ words ......a "traditional" transaction-focused Finance Function into a high value-added Finance Function necessary for today's business environment...world class) on all of the 15 different Finance Function Effectiveness Diagnostic Wheel components...

Partnering for performance. (Northern Telecom Inc.'s finance...

Financial Executive;  September 1, 1992 ;     700+ words ...How does a company's finance function thrive in an international...local alliances. How can the finance function help? Finance needs to be thought...definition of excellence for the finance function in a global economy is this...

The future structure of the finance function - 2.

Management Accounting (British);  September 1, 1996 ;     700+ words ......responding to the challenges in the finance function The two main drivers of change in the finance function today are IT and the pace of change...hence on the demands placed on the finance function. In this article we report on how...

The changing shape of the finance function. (financial management...

Management Accounting (British);  February 1, 1998 ;     700+ words ......illustrates, how the structure of the finance function has changed in the last decade: the...The classical structure of the finance function is built on these three pillars and...the structure and operation of the finance function, let alone the way its staff are deployed...

The new CFO role: it's in the DNA; The finance function now plays an...

Financial Executive;  July 1, 2004 ;     700+ words ......identified three main facts related to the finance function: 1) It was more tightly aligned internally...supports a major evolution of the finance function--from analyst to catalyst. It also...hypothesis. Survey results show that finance-function DNA is quite strong and able to hew...

European finance function summit transforming the finance function into a...

Management Accounting (British);  March 1, 1999 ;     700+ words ......less. The theme of the conference was transforming the finance function into a value-added business partner. Increased globalisation...with a presentation on how one might create a world-class finance function. The drive is to give more to the business in the areas...

Benchmarking finance function activities. (benchmarking management...

Management Accounting (British);  February 1, 1995 ;     700+ words ......comparison with its costs? Where does your finance function stand in relation to our raison d...their various services. Typically, the finance function exposes its somewhat hypocritical...measure quantifiable outputs and `the finance function' provides intellectual outputs. Come...

Using Six Sigma to improve the finance function: here are some tips for...

Strategic Finance;  May 1, 2005 ;     700+ words ......efficiency and effectiveness of the finance function. One company that has applied Six...Sigma projects under way within its finance function. We'll focus on the project that reduced...you adopt Six Sigma within your own finance function. WHAT IS SIX SIGMA? Six Sigma relies...

A new frame for financial management: the role of the finance function in...

Management Accounting (British);  February 1, 1994 ;     700+ words ......changing their role. 2: The role of the finance function in the business frame The first article...simplicity. The strategic importance of the finance function Arguably the two most important business...a very real sense, therefore, the finance function is the cement that holds such ...

Finance function on the line

Management Services;  January 1, 1999 ;     508 words ...The finance function can add more value by learning...continued: "We believe that the finance function, as we understand it today, will...can be done. The need for the finance function to add more value is widely recognised...

Targeting the routine in the finance function. (Reengineering)

Chemical Week;  November 24, 1993 ;     700+ words ......the gas spin-off precipitated self- examination in the finance function. The company's 1992 annual report stated clear cost-reduction...applying the term reengineering to cost reduction in the finance function emphasize that reengineering should begin with creating...

Finance & IT: the transforming power of technology; Over the years,...

Financial Executive;  July 1, 2006 ;     700+ words ......business and, specifically, in the finance function. However, regardless of the changes...a good overview of changes in the finance function due to the influence of IT during...two biggest forces for change in the finance function. Technology has helped speed up the...

Accounting for a demand-driven model: finance function costs rise based on...

Manufacturing Business Technology;  May 1, 2006 ;     700+ words ......human resources, IT, procurement, and working capital--typical companies in 2006 will spend 1.26 percent of revenue on the finance function, an 18-percent increase in two years. In 13 years of Hackett benchmarking, the group says this is the first increase in...

The finance function of the future: How lending departments are changing

The CPA Journal;  July 1, 1996 ;     700+ words ......implement lasting change is within the finance function. In many companies, finance is historically...a result, the restructuring of the finance function is simply focused on cost and head...articulated by the CEO. Redefining the Finance Function Today the average finance ...