Headline:
Why effective finance transformation and business partnering requires integrating strategic, financial and operational planning and performance management processes
Introduction:
Research by the corporate executive board shows that only 27% of finance transformation efforts deliver sustainable benefits. These are bleak findings that are probably much worse in complex organizations. Especially global manufacturers, where it becomes increasingly difficult to achieve key objectives, examples of which are shown below in Exhibit 1.
As global manufacturers get larger and more complex, these objectives become highly interconnected. They also become increasingly difficult to achieve without integrating strategic, financial and operational planning and performance management processes. The video shown below provides further details about these objectives and the role that integration plays in achieving them.
Related Articles:
Other articles on this website provide further details about these perspectives, which are summarized below:
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