Re-engineer your finance productivity and capability
A leaner, meaner finance division which can crunch data and facilitate valuable analysis will help management in quick decision-making.
THE finance function of organisations is in need of a rethink to cut waste and build capabilities to become more efficient, says professional services firm PwC.
"For productivity and efficiency gains in the finance function, it is not sufficient to just redesign processes and structure, and/or introduce automation," said PwC partner R Raghunathan.
"Process improvement, with or without automation, plus capability enhancement is the only approach for sustainable productivity gains," he said.
Different companies have varying approaches in running their finance processes at optimum levels.
According to Mr Raghu, many small- and medium-sized enterprises (SMEs) and other organisations are stuck in the vic…
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