In any challenging economic landscape, the finance function can help your business lead the way with sound financial management.
This means benchmarking performance to identify efficiencies and savings. It means improving your systems and processes so that your business information is more accurate and readily available. And it means considering alternative operating models for running your finance function, such as a shared services or outsourcing arrangement.
EY can work with you in this. We have the breadth of experience that comes from working with many of the world’s leading and fastest growing companies.
We can help you make sure you have effective processes that enhance control, create value and drive organizational behaviors – so your finance function has the agility it needs to advance the changing business agenda and sustain future business success.
The evolving role of today’s CFO
CFOs’ involvement in their businesses is broad, their contributions to their organizations are manifold and the scope of their responsibilities is growing.
Back seat or center stage? CFOs and the media
More CFOs are talking on a broader range of topics across more varied media channels than before. How are CFOs meeting these changing demands? Learn more in our Master CFO Series report
$1.1 trillion dollars tied up in working capital
Up to US$1.1 trillion of cash is being unnecessarily tied up, according to our annual working capital survey of 2,000 large companies. Nearly two-thirds of these companies also saw their performance deteriorate in 2009. See how the gap is widening between the best and worst performers.
Finance performance improvement starts with framework
Amid signs of economic recovery, we suggest in The future of Finance (pdf, 248.8kb) that CFOs establish and implement a holistic framework that identifies weaknesses and potential improvements, and which helps enable Finance to be more effective, lower costs and help deliver more value to the bottom line.