White Papers

The State of the Art in Finance

Category: Data Management, Professions and Industries, IT Management, Enterprise Applications

Overview Benchmarking is an important tool that finance organizations use to stay competitive. It allows them to determine the value of adopting best practices and changing business processes. To assess the trends in the finance function and identify best practices, APQC (formerly known as The American Productivity and Quality Center) has evaluated the performance of over 130 finance organizations. The study included these key processes:

Financial strategy and planning
Internal controls
Treasury
Revenue accounting (order to cash)
General accounting
Fixed assets and project accounting
Accounts payable and expense reporting
Tax
Payroll

This SAP Insight report discusses the results of the APQC survey, as well as research performed by SAP, in light of the current state of the finance function in U.S. companies, the challenges to that function, and the road map to increasing its strategic capabilities.

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Publisher: SAP
File Format: PDF
Date Published: Sep 2, 2008
Format: White Papers
Topics: SEC Rule 17A-4, Performance Budgeting and Management, Economic Modeling, Planning and Services, Online Insurance Services, Financial Management, Gramm-Leach-Bliley Act, Sarbanes-Oxley, Finance, Sales - Marketing, Accounting Applications, Transaction Management, Bank Management, Online Banking, Business Intelligence - Data Warehousing, Decision Support - DW Front End, Cost Control - Risk Mgmt., Business Management, Strategic Planning, Resources Mgmt., Customer Support Services

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