As finance and accounting shared services operations continue to mature, companies are increasingly attempting to add more value by “moving up the value chain.” While there are various ways to expand shared services, one of the common philosophies is to implement COEs. But what is a Finance and Accounting COE? What makes it different? Who should lead it?
“Finance and Accounting COEs are part of the broader shared services delivery model,” says Trey Robinson, partner at ScottMadden. “By implementing COEs, transaction-
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