What Can Financial Reform Teach Broader Business Sustainability?

In the wake of the recent economic downturn, many industries have taken a much harder look at their core business functions.  Initiated by compliance and/or business sustainability necessity, today’s executives can no longer accept ‘business as usual’.  Beginning with reforms in financial monitoring and reporting, there are many learnings that can be applied to other core sustainability-driven functions.

The Treasury & Risk article, Turning Accountants into Analysts, explores one struggling company’s journey to not only improve data quality/reporting but make financial measures strategic forward-looking business information.  Their goal was to reshape finance into a tactical advance team with a well-articulated strategy.  And they are not alone.   “The global recession has helped companies understand the crucial role Finance plays in helping the company hit growth targets while keeping costs in check.  Leading finance teams focus on building a combination of judgment-based and technical skills that will improve business decision support.”  -CEBViews  

So what can the broader ‘business sustainability’ effort take from the advancements in the finance function?  Click here to find out.

 

  

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