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In search of finance excellence
Author(s) -
Wunder Thomas,
Mueller Michael
Publication year - 2008
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.20384
Subject(s) - scrutiny , excellence , finance , corporate finance , face (sociological concept) , accounting , compliance (psychology) , business , economics , political science , sociology , psychology , social psychology , social science , law
Abstract In recent years, CFOs have been asked to improve efficiency and competitive cost structures within the Finance department, while simultaneously meeting the growing demands of the company's operations. This occurs, of course, while CFOs have also had to face additional external scrutiny and compliance requirements. Together, these developments place themes like “finance excellence” or “finance transformation” at the top of the CFO's agenda. In many cases, the result is a comprehensive reorientation of the entire Finance organization with significant performance improvements in both Finance and the entire company. © 2008 Wiley Periodicals, Inc.