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Is your finance function as lean as the rest of your organisation?
The global financial crisis has driven operational cost cutting to
the top of most Executive Board agendas. However research conducted
recently by Trinity Horne identified that whilst this cost cutting
has usually been applied to customer service, marketing and similar
back office functions, Finance & Accounting (F&A) has remained
largely untouched.
F&A represent a significant opportunity to cut cost or to better
leverage the capability that exists within the function. Why?
The absence of an effective management system and active management
are a big factor. Accounting staff are literally self managing &
opportunities to collaborate, share best practice and optimise the
function’s value add are being missed.
If your F&A function has remained largely unscathed - perhaps hiding
behind the “stay out of gaol” mandate of reporting, risk or
regulatory services - then Trinity Horne can help. We have improved
effectiveness in finance, billing and related units by between 10%
and 25%. Our approach to increased transparency helps staff work
smarter, not harder and puts the Executive Board back in control of
the finance function.
To
request the “Fit Finance” white paper, please E-mail: improvingfinance@trinityhorne.com
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