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Article: Finance departments' days are numbered.(Brief Article)
- Article from:
- Management Accounting (British)
- Article date:
- April 1, 2000
CopyrightCOPYRIGHT 2000 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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The days of the traditional number-crunching finance department are coming to an end. Their existing practices are proving to be a drain on revenue whilst failing to create value or contribute to strategic planning. Increasingly, world-class companies are demanding that their finance function adds positive value. To achieve this, finance departments must completely transform their activities.
In a new report, Transforming the Finance Function to Add Company Wide Value, CIMA Council member Margaret May outlines the drawbacks of current practices and the pressures for ...