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.
Effective CFOs are economic advisors and business partners
Our report sets out a framework that puts the CFO’s role in a new light which can help you achieve profitable growth.
What is the future of finance leadership?
“Chief Financial Officer” is arguably a misnomer. And, while the breadth and profile of the role is attracting more candidates, those with the experience to meet the evolving demands of the role are becoming fewer in number. This is not a position which organizations can leave to chance. Yet too many are.
$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.