Transforming Finance into a Competitive Weapon

Rosengard, Jeffrey S.
July 2000
Financial Executive;Jul/Aug2000, Vol. 16 Issue 4, p51
Academic Journal
The article argues that corporate finance departments need to do a better job of transforming themselves from transactions processors to value creators. Survey data show that almost half of a finance manager's workday is consumed by chores related to transaction processing, and that just 16% is devoted to decision support functions. The author maintains that finance departments can make better use of the Internet and information technology reduce repetitive, routine work, and free up time for strategizing and business integration.


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