DaimlerChrysler: Revving the Finance Engine

C. L.G.
November 1999
Financial Executive;Nov/Dec99, Vol. 15 Issue 6, p30
Academic Journal
The article reports on the financial policies of DaimlerChrysler. Frank Sklarsky, the vice president for corporate financial activities, has shifted the company's focus from a transactional factory view to one focused on offering greater value to customers. Daimler also operates through automation rather than manumation and Sklarsky advises others to operate this way as well. He has also improved the controller's office to close the books in two days time or shorter with fewer resources with what is called a financial management excellence initiative instituted in 1993.


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