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Tuesday, August 10, 2010

CFO Perspective: Closing the Execution Gap

The findings of a new global survey indicates that more than 45 percent of CFOs said their finance organizations are not effective in the areas of strategy, information, integration and risk, and opportunity management. With expectations rising faster than effectiveness, what causes the execution gap? How do some CFOs, become "value integrators" who lead enterprises to chart a new course? How do finance organizations create more efficiency and an expanded capacity to provide meaningful business insights across the organization?
For Chief Financial Officers, the recent global economical downturn was a pivotal event. Under a glaring spotlight, CFOs and their finance organizations had to address urgent capital acquisition, cash flow, and revenue challenges. The uncertainly drew them into more boardroom conversations about forecasts, profitability, risk management, and strategic decisions related to supply chains, pricing and production. As a result CFOs are emerging with far more demands for advice on strategic and operational matters.
 

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