The True Measure of Finance Function Excellence: Deliver Value Efficiently

From major overhauls to specific process improvements, organizations featured in APQC’s 2012 Financial Management Best Practices Report are boosting both efficiency and effectiveness.

The role of the CFO is analogous to the governor, an electronic device in automobiles installed to limit top driving speed. Current law in the United States holds CFOs of public companies personally responsible for what is analogous to not exceeding the speeding limit in a car—that is, vouching for the reliability of the firm’s accounting processes and financial reports. But the comparison ends there.

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