According to the results of a recent APQC study, finance organizations, no matter what their size, are still spending almost two-thirds of their time on transaction processing, to the detriment of more strategic functions such as decision support and management. The study concluded, in part, that the respondents who are able to spend the most time in these critical areas are able to do so because they’ve reduced their transaction costs; one way they’ve done that is by implementing a single instance of ERP software and a common chart of accounts. Read more results from this survey of financial officers in this paper. [BNET Annotation]
Content: Article
Sources: American Productivity & Quality Center (APQC), SAP
Subjects: Best Practices, Finance
Sources: American Productivity & Quality Center (APQC), SAP
Subjects: Best Practices, Finance
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