Description
Book SynopsisCompanies today are undergoing constant structural change as the result of new business models, mergers, acquisitions, and de--mergers. This book explains why the CFO is in a unique position to integrate business systems and shape the corporation of the future.
Table of Contents1 From Complexity to Simplicity 1
What Issues are Today’s CFOs Grappling With? 6
Best Practices in Finance: What’s Next? 12
The New Finance Value Proposition 16
Integration: What it Means for You as CFO 20
CFO Checklist 25
2 Leveraging your ERP Investment 27
What does Integration Mean for the CFO? 32
Unravelling System Spaghetti 36
Beyond ERP 42
Reducing Complexity 46
A Vision for the Post ERP Era 49
Making Integration Work for You 57
CFO Checklist 60
3 Streamlining the Financial Supply Chain 63
What is the Financial Supply Chain? 66
Leveraging the Benefits 66
In-house Cash and Banking 73
Order-to-cash/Electronic Bill Presentment and Payment 80
Purchase-to-pay 90
Simplifying Billing and Payment: Bill Consolidation 91
e-Financing and e-Settlement: A Promising New Tool 93
The Future: Integration and Collaboration 96
CFO Checklist 100
4 Moving from “Shared” to “Managed” Services 103
Why Move to Shared Services? 106
Shared Services Today 111
Physical versus Virtual SSCs: The Lights Are Still On! 113
To Outsource – or Not to Outsource? 115
Evolving Technology: What’s New, Faster, Better 122
Applications Management and Managed Services 124
Evolving Exchanges: Huge Promise and Tough Reality 130
The Potential for Web Services 137
Making it Happen 144
CFO Checklist 150
5 Connecting Strategy with Operations 153
Introducing Strategic Enterprise Management (SEM) 157
Tracking Corporate Performance 160
Integrated Risk Management 166
Blow Up the Budget! 171
Operational Planning and Simulation 177
Business Consolidation and Integration 179
Implementing Integrated SEM 185
CFO Checklist 194
6 Analytics: Converting Data into Action 197
Broader Bottom-line Demands 202
Integrated Analytics: Transforming Data into Decisions 205
Increasing Customer Value through Analytics 207
Bringing Analytics to Supply Chain Management 214
Analytics: Transforming the Finance Function 220
Enriching Product Life Cycle Management (PLM) 227
Improving Human Resource (HR) Analytics 232
Getting Started: Analytics Critical Success Factors 235
CFO Checklist 241
7 Collaboration via the CFO Portal 243
Doubling Productivity 246
Choosing the Right Portal 249
Integration Outweighs Best-of-breed Technology 254
The Personalized Desktop 255
Why should the CFO Drive Portals? 258
A Journey, not a Destination 265
Growing your Finance Community 272
CFO Checklist 277
8 Managing Intangibles 279
Intangible Assets: The New Value Drivers 282
The Problems with Traditional Accounting 283
A New Approach to Performance Management 287
The Enterprise Control Panel 293
Harnessing Innovation and Customer Relationships 295
Value Creation through Value Networks 299
New Processes, New Skills, New Systems 304
Communicating Value Internally and Externally 305
CFO Checklist 313
9 Integrating for Corporate Integrity 315
Global GAAP and Accountability for Value 319
Rebuilding Public Trust 322
CFO as Independent Business Partner 326
The Corporate Reporting Supply Chain 327
Closing the Information Gap 331
Timely and Accurate Financial Reporting 333
Integrating Processes, People, and Technology 337
CFO Checklist 347
Epilogue 349
Biographies 353
Notes 359
Index 363
