Finance: Adding value throughout your company
While management accounting has spread throughout most international businesses, many finance departments are still not fully contributing the potential value they could add to the organization.
The reasons for this are varied, yet can often be traced to finance being considered (or acting) as the “numbers watchdog”, living in a silo, disconnected from the rest of the business.
This while there are many opportunities for a more prominent role. Yet taking the steps required to do this can often be a challenge. We have identified four areas where most attention is needed:
• Connecting the finance management of the business to the strategy (and its implications)
• Mergers & Acquisitions
• Risk management
• Outsourcing
