FM article cont improvement DM 29.1.15 pdf.pdf (338.31 kB)
0/0

Getting more for less in finance shared services

Download (338.31 kB)
journal contribution
posted on 14.03.2016 by Ian Herbert, David Mitchell
Arguably 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 Accountants

Version

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

2015

Notes

The definitive version is available at:http://fmapp.cimaglobal.com/seven/financialprototype/index.html#issue/may2015/portrait/31

ISSN

1471-9185

Language

en

Exports

Logo branding

Keyword(s)

Exports