Why Finance Transformation Matters in Global Manufacturing

Sponsored By Deloitte

Topics:

Accounting

Budgeting & Planning > Business Performance Management

Professional Services > Consulting

View White Paper now

Free registration is required

Abstract:

Business transformations in pursuit of performance improvements are nothing new. Despite large-scale investments in management practices, processes and technologies, however, results for most companies have been less than stellar. Our analysis of 500 of the world’s largest manufacturing companies shows more than 30 percent had negative average economic margins over the last five years. In effect they were destroying capital.

How should companies respond? While there is rarely one recipe for the “secret sauce” that goes into a successful business improvement and transformation, there is a growing recognition that finance is an indispensable ingredient. Financial management holds the key to resolving some of the most intractable problems and capitalizing on the valuable opportunities facing global manufacturers today. Through a process often known as “finance transformation.”

DETAILS

Sponsored by:

Released: January 11, 2008

Length: 16 pages

Format: PDF (353 kb)

Email this abstract

These white papers are not created by the CFO.com editorial staff. In order to view these papers, you must register with CFO.com and agree to share your contact information with related product/service companies.

Search White Papers