Financial transformation is process optimisation

Nov. 16, 2011 - PRLog -- Undertaking changes to information structure and management processes is vital as businesses seek to progress and improve in their sector, by cutting costs though enhancements and efficiency. Often firms seek to restructure their finance operations in order to make important efficiency gains such as taking on new technology, introducing improved delivery models and optimising processes.

However, all of these processes involve an element of uncertainty as the organisation must undergo fundamental changes, so prior to embarking it is vital that business leaders have all the knowledge and tools available at their disposal.

Financial Shared Services

More organisations are turning to global outsourcing and shared service programmes, especially in finance and accounting sectors, in order to improve service delivery and performance while cutting costs, according to the KPMG 3Q11 Sourcing Advisory Pulse Survey. It found that 71 per cent of the advisors they polled claimed that the most common approach firms take to improve outsourcing governance, service delivery and efficiency is to improve their current shared services strategy – an increase of five per cent who claimed the same last quarter.

The Financial Transformation Europe event will be hosted from 14 - 16 February, 2012 in London. For more details, please visit the website: www.fintransformation.co.uk, call freephone: 0800 652 2363 or email: enquire@iqpc.co.uk.

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