FM article cont improvement DM 29.1.15 pdf.pdf (338.31 kB)
Getting more for less in finance shared services
journal contribution
posted on 2016-03-14, 14:16 authored by Ian Herbert, David MitchellArguably the cost of the typical finance function has halved over the last two decades, during which time expectations from the business have almost doubled. A series of transformation programs have implemented ERP systems, established shared services centres (SSCs) and addressed the stringent demands for greater control and regulatory compliance. At the same time, the pressure to benchmark performance against ‘world’s best practice’ have also increased, together with the demand from business units for better and more comprehensive decision relevant information based on a single version of the truth. In this article David Mitchell and Ian Herbert look at the nature of ‘continuous improvement’, as a ‘business as usual’ (BAU) process, and the emerging role for accountants as the executive managers of global business processes (often titled “Global Process Owners”).
Funding
Project support by the General Charitable Trust of the Institute of Chartered Management Accountants.
History
School
- Business and Economics
Department
- Business
Published in
Financial Management -London-Citation
HERBERT, I. and MITCHELL, D., 2015. Getting more for less in finance shared services. Financial Management App, May, pp. 31.Publisher
Seven / © Chartered Institute of Management AccountantsVersion
- AM (Accepted Manuscript)
Publisher statement
This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/Publication date
2015Notes
The definitive version is available at:http://fmapp.cimaglobal.com/seven/financialprototype/index.html#issue/may2015/portrait/31ISSN
1471-9185Publisher version
Language
- en