Metric of the Month: Cost to Run the Finance Function
Too many finance organizations are blowing their budgets to pay armies of people to do low-level work inefficiently.
Metric of the Month: Transaction Processing
How can a CFO maximize the use of every finance team member’s time and talents?
Metric of the Month: Payroll Errors
When you take 10 days to fix a payroll error, it can feel like an eternity to the employee who needs the money to pay her bills.
Metric of the Month: Financial Shared Services Centers
Not only do the top-performing financial shared services centers process more invoices and receipts with fewer people, those people accomplish much more.
Metric of the Month: The Cost of General Accounting
Top-performing organizations spend just one quarter of what the poorest-performing organizations spend on total process cost.
Metric of the Month: Cost Control Savvy
If your organization’s line-unit managers are flying by the seat of their pants when it comes to cost control, it’s time to step in.
Metric of the Month: Performance Management Cost
Whether yours is a $20 million or $20 billion firm, people are depending on you to ensure that the books are not just squeaky clean, but also transparent.
Metric of the Month: Personnel Cost Errors
If CFOs get the personnel cost forecast wrong, the ripple effect is felt throughout the organization.
Metric of the Month: Number of General Accounting Employees
The best performers need just 4.8 full-time employees per $1 billion in revenue to perform the general accounting function.
Effective Planning May Require Deep Finance Changes
Three out of four CFOs now have process improvement initiatives underway.
Metric of the Month: Close-to-Disclose Cycle Time
The top 25% of companies can finish the cycle of completing quarterly financials to the release of earnings per share in 12 days or less.