One thing that CFOs and treasurers can count on over the next few years is a continuing call for finance to become more strategic in focus. Savvy senior finance executives are already working diligently on ways to respond, revamping financial process models, technology strategies, training and talent, and organizational structures.
Transformation of this scale has three main rationales:
- Be in a position to deliver sophisticated decision support to business leaders;
- Get involved in business planning discussions beyond the classic purview of finance, which has until now been confined to controllership, treasury, and financial planning and analysis (FPA); and
- Improve financial process speed and efficiency.
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