"By the year 2005, the finance function as we know it will have changed almost beyond recognition. Transaction processing will be simplified, standardised, routine streamlined and automated. That’s 60% of finance’s current responsibilities about to disappear."
Gregory Hackett, Co-Founder of the US-based Hackett Group
The days of the traditional number-crunching finance department are numbered. Increasingly, world class companies are demanding that their finance function add positive value instead of draining revenue. Transaction processing and control account for 84% of their total activities. The function is not only spending little time on value-creating activities such as decision support and future planning, but it is also consuming a significant proportion of company’s revenues.To rise to the challenge, finance departments must completely transform their activities. But how?
Essential reading for all Finance Directors,this bestselling briefing – now fully revised in a new edition – provides you with a complete toolkit to shift the role of the finance function from corporate scorekeeper to value generator. You will gain a thorough understanding of the extensive range of new techniques needed to fulfil this role and ensure that your finance department is central to your company’s future success.
New to this edition:
new analysis of IT, shared service centres and outsourcing, balanced scorecard, shareholder value, beyond budgeting, best value
new case studies
Contents:
Introduction
PART 1 THE TWENTY-FIRST-CENTURY FINANCE FUNCTION
Finance in the twenty-first-century organization
The process of transforming the finance function
PART 2 THE TECHNOLOGY-DRIVEN FINANCE FUNCTION
Shared service centres
Outsourcing
Information management delivering business intelligence
PART 3 VALUE-BASED MANAGEMENT
Delivering shareholder value/best value
Valuing intangible assets/intellectual capital
PART 4 BEYOND TRADITIONAL BUDGETING
Scenario planning, forecasting and resource allocation
The balanced scorecard
Benchmarking
PART 5 EXECUTIVE SUMMARY
- ISBN10 027365666X
- ISBN13 9780273656661
- Publish Date 18 April 2002 (first published 27 October 1999)
- Publish Status Out of Print
- Out of Print 15 March 2021
- Publish Country GB
- Imprint Financial Times Prentice Hall
- Edition 2nd edition
- Format Paperback
- Pages 224
- Language English