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Analyze Business Processes, then Optimize

  • Dewey Norton

Abstract

Finance must analyze business processes that cut across business functions:
  1. 1.

    Process mistakes in other business functions create problems in accounting, which is downstream in most business processes. For example if material is not issued to a closed work order, then work in process inventory will be overstated. Identification and correction of errors like this consume valuable time in accounting during a month end closing.

     
  2. 2.

    Dysfunctional processes undermine competitiveness and put the enterprise at risk.

     
  3. 3.

    The foundation of planning is information derived from processes involving all functions in an enterprise.

     

Keywords

Business Process Financial Management Parent Company International Standard Organization Financial Officer 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Dewey Norton 2012

Authors and Affiliations

  • Dewey Norton
    • 1
  1. 1.Marina del ReyUSA

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