APQC Survey on Financial Improvement Programs

What improvement programs are Finance organizations embarking on today? What level of commitment are they making, and in what areas? These are some of the questions APQC and IEG researched in a compelling new whitepaper.

145 organizations participated in the survey and some of the findings are quite surprising.

The fact that eight out of ten organizations are now pursuing major process improvements is significant for three reasons. First, prior to the global financial crisis, CFOs by and large were mainly interested in incremental process improvements to save money. The slogan “do more with less” summed up the general attitude. But now we have strong evidence that CFOs want to deliver effectiveness as well as efficiency. The overwhelming majority of survey respondents indicated they are now pursuing these goals simultaneously.