Transforming The Finance Department With An Optimized Maturity Model

transforming

January 2016, Manufacturing Business Technology Brian Shannon Take a step back and consider your organization’s finance department for a moment. Is it a paper-based, manually driven process prone to errors? Does it feature some automation, but still require loads of time on exception handling? Global Process Owners (GPOs) are expected to ensure the company gets paid, and to pay the company’s bills on time. The sophistication with which this is completed varies wildly from organization to organization. However, in prior years, one thing was constant: generating revenue typically was not part of the equation for this group. At Bourns, Inc., a global manufacturer of electrical components for the automotive, industrial, consumer products, and communication industries, revenue generation become an expectation as recently as 2012. Read more Download_PDF

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Transforming The Finance Department With An Optimized Maturity Model

January 2016, Manufacturing Business Technology
Brian Shannon

Take a step back and consider your organization’s finance department for a moment. Is it a paper-based, manually driven process prone to errors? Does it feature some automation, but still require loads of time on exception handling? Global Process Owners (GPOs) are expected to ensure the company gets paid, and to pay the company’s bills on time. The sophistication with which this is completed varies wildly from organization to organization. However, in prior years, one thing was constant: generating revenue typically was not part of the equation for this group.

At Bourns, Inc., a global manufacturer of electrical components for the automotive, industrial, consumer products, and communication industries, revenue generation become an expectation as recently as 2012. Read more

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