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Optimize finance to enable smarter growth

On behalf of, Matthias Niessen, Solution Manager OpenText

The current economic climate presents challenges and big opportunities for most organizations.

Business partnerships that worked excellent in the past can result in higher risk due to economic uncertainties in many countries as well as the volatility of raw material costs. Furthermore the traditional ways to finance growth initiatives are impacted by stricter credit guidelines. Both aspects demand high agility from the modern CFO respond quickly to changes.

Nowadays, it is especially important to simplify procedures, minimize sources of error and reduce operating costs without sacrificing growing compliance requirements. A recent survey conducted by APQC, in conjunction with EPM Channel, shows the discrepancy between the potential value finance can deliver compared to what is currently delivered:

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Source: ©APQC – A New CFO Priority: Talent Development with a Focus on Soft Skills (Aug 23, 2012)

The top three root causes identified in this survey are ranked as follows:

  • 58%: Finance does not have enough time for value-added analysis
  • 45%: Lack of enabling technology to make finance more efficient or effective
  • 33%: No easy access to operating data to feed our performance modeling/forecasting

The right technology unleashes the full potential of a smart finance organization and addresses exactly these issues.

View below whitepaper where we highlight specific ways an electronic content management system can transform your finance organization into a strategic business partner with a real seat at the leadership table.

Download: The Executive Brief – Increase Profit by Enabling Informed Decision Making

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