Best Practices in Creating a Strategic Finance Function

Many CFOs and the finance organizations they lead have started to take on new strategic roles within the enterprise. Their goal is to enforce stricter control processes to ensure legal and regulatory compliance, offer strategic insights into the internal and external business environment, and connect the business strategy with daily operations through performance tracking. To assess the trends in the finance function and identify best practices, APQC, an internationally recognized nonprofit organization that provides best practice research, metrics and measures, has evaluated the performance of more than 130 finance organizations. This SAP Insight shares the results of SAP research as well as APQC's Open Standards Benchmarking Collaborative (OSBC) research.