Ideas for Improving the Finance Function

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Copyright: 2022
Pages: 13
Source title: Building the High-Performance Finance Function
Source Author(s)/Editor(s): André de Waal (Finance Function Research and Development Center BV, The Netherlands & HPO Center BV, The Netherlands), Eelco Bilstra (Finance Function Research and Development Center BV, The Netherlands)and Jacques Bootsman (Finance Function Research and Development Center BV, The Netherlands)
DOI: 10.4018/978-1-7998-6929-0.ch004

Keywords: Accounting & Finance / Accounting and Finance / Business & Management / Business Science Reference

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Abstract

There is no shortage of ideas, especially in the professional literature, for elevating the quality of the finance function. However, it turns out that much of that literature focuses only on improving financial processes or on the question of how to develop financial professionals from scorekeepers into business controllers. There is limited literature that provides a glimpse of what a high-performance finance function looks like and what its place and role are within an organization. In this chapter, interesting studies from the literature from the past decade are discussed to develop an overall picture of the finance function of the future. First a look is taken at the benefits of an excellent finance function and then the most interesting ideas in the literature for creating such a function are discussed.

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