10.7. Goals of the Finance Organization

Key objectives of a finance organization can include the following:

  • Effect enterprise planning

  • Implement systems/tools to provide data accurately and transparently to internal stakeholders and enable efficient processing of transactions

  • Deliver accurate and timely reports for internal and external stakeholders

  • Effect financial controls and compliance

  • Monitor and measure performance

  • Provide value-added, risk-based analytics

To achieve these goals, the finance organization should have the right people, the right processes, and the right technologies in place. This is all brought about by governance. Good governance creates the environment and structure to manage the right people and processes. This can be achieved ...

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