Firms do better when CFOs work closely with supply chain chiefs: poll
EY says pressure on margins is more intense, complexity has grown and the pace of change has continued to increase
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[SINGAPORE] Companies whose chief financial officers (CFOs) have a strong "business partnering" with supply chain leaders report better results than those with a more traditional finance model in place, a global study by professional services firm EY has found.
Almost half of these reported Ebitda (earnings before interest, tax, depreciation and amortisation) growth increases of more than 5 per cent in their company over the past year, compared with 22 per cent of those with a more traditional relationship.
It's a development which businesses cannot afford to ignore, with the roles of both the CFOs and supply chain leaders growing significantly in recent years.
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