10.14. Challenges and Opportunities

In today's world, finance organizations face many challenges. But these challenges are often opportunities to strengthen the company's sustainability even while facing a constant barrage of new laws and regulations.

If you apply the concepts in this chapter, your organization should employ a holistic approach to governance by breaking down silos that typically impede communication and lessen transparency. The key to implementing a holistic approach to governance is the development of an effective partnership between the finance organization and the IT organization, including the IT compliance group described in Chapter 7.

The IT organization consists of content experts who know the systems and data that run ...

Get Under Control: Governance Across the Enterprise now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.