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How well does your finance department perform? (researching to financial benchmarking wins award)
- Article from:
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Management Accounting (British)
- Article date:
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December 1, 1995
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Copyright informationCOPYRIGHT 1995 Chartered Institute of Management Accountants (CIMA). 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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Research undertaken by Ian Malcolm, a fellow of the Chartered Institute of Management Accountants (CIMA), into financial benchmarking has received a 1995 Accountancy Age award. Benchmarking, in which the performance of an organisation is measured against that of other organisations, is now becoming increasingly recognised as a vital tool in allowing organisations to maintain their competitiveness.
CIMA Fellow Ian Malcolm is chiselling away at the very bed rock of the arts and mysteries of financial management with his research on `Benchmarking Finance Function Activities' (see Management Accounting, February 1995); which is why the Institute attaches importance to the news that his ...
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Re-engineering the finance function.(finance function comparisons)
Management Accounting (British);
February 1, 1996 ;
Bellis-Jones, Robin;
787 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...
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THE FINANCE FUNCTION OF THE FUTURE - A Short Story
Accountancy SA;
July 1, 2005 ;
Louw, Jacques;
787 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...
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How to measure performance. (Finance Reshapes Its Corporate Role)
Financial Executive;
March 1, 1991 ;
Gunn, Robert W.;
787 words
......to measure the performance of the finance function? A review of the changing finance...three presentations. What does the finance function contribute to U.S. business? Does...finance does make a difference. The finance function has a unique role to play, and it...
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Partnering for performance. (Northern Telecom Inc.'s finance...
Financial Executive;
September 1, 1992 ;
Mand, Martin G.;
787 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...
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Putting the balance back into the finance function.(Network)
The Mercury (South Africa);
February 20, 2008 ;
393 words
......value adding contributions to the finance function Compliance In coming to grips with...the benefit of a better performing finance function. Some of the following symptoms would...Indications from the business that the finance function does not add value to the organisation...
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Finance departments' days are numbered.(Brief Article)
Management Accounting (British);
April 1, 2000 ;
175 words
......companies are demanding that their finance function adds positive value. To achieve this...In a new report, Transforming the Finance Function to Add Company Wide Value, CIMA Council...complete toolkit to shift the role of the finance function from corporate scorekeeper to value...
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Finance Transformation Workbench tool introduced by IBM.(International...
Telecomworldwire;
July 28, 2008 ;
263 words
......manage the performance of a company's finance function. According to the company, the new...opportunities to transform and improve the finance function. Specifically, the solution can: analyse...opportunities; assess the business value of finance function transformation initiatives; ...
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Bangkok Post, Thailand, Leading the Way column.
Bangkok Post (Bangkok, Thailand);
August 10, 2004 ;
787 words
......function? Does it suggest that the finance function adds little value to a business? Let...with the basics: What does a typical finance function actually do? First there is budgeting...labour-intensive and expensive. A typical finance function costs 1.4 percent of company revenues...
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IN SHORT
Intheblack;
August 1, 2006 ;
Anonymous;
194 words
......hits town Looking for a better finance function? Kerry Horan, former head of...running sessions variously about finance function effectiveness and value, and developing an agile finance function at the CPA Congress in New South...
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The future structure of the finance function - 2.
Management Accounting (British);
September 1, 1996 ;
Phillips, George Ross, Jacky;
787 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...
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Outsourced accounting service provider implements HansaWorld to offer ASP...
M2 Presswire;
April 15, 2004 ;
766 words
......Outsourced accounting service provider, The Finance Function Ltd, has invested in the region of...from Hansa Business Solutions. The Finance Function specialises in providing cost-effective...of these outsourced services, The Finance Function is using HansaWorld software to manage...
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The changing shape of the finance function. (financial management...
Management Accounting (British);
February 1, 1998 ;
Sheridan, Tom;
787 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...
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How SFOs Can Help a Company Succeed.(senior financial officers, chemical...
Chemical Week;
August 1, 2001 ;
HUNTER, DAVID;
787 words
...Taking a Broader View of the Finance Function TOP FINANCIAL EXECUTIVES CAN MAKE...chairman of Dow AgroSciences, says the finance function can play an important part in saving...operational strategies. First, the finance function makes sure the company's operating...
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A new frame for financial management. (first of four articles on...
Management Accounting (British);
January 1, 1994 ;
Sheridan, Tom;
787 words
......second will look at the role of the finance function in the new business frame; the third...are to be taken as referring to the finance function in an organisation. Financing and...cruelly exposed business weaknesses. The finance function has a key responsibility to ensure...
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The value of benchmarking management reporting.
Management Accounting (British);
June 1, 1996 ;
Malcolm, Ian;
787 words
...Ian Malcolm claims that benchmarking...subject of benchmarking finance function activities (February...identifies the proportion of finance function resources engaged in...they reflect only the finance function's activities. The average...
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