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  • Add You - Ten Things You Should Focus on to Transform Your Finance Function

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    ner. Staff must be knowledgeable on the technology.

    4. Performance management Another key objective of the finance function is creating v

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    1. Optimizing processes Documenting and standardizing processes to minimize exceptions and improve efficiency. Staff should always be knowledgeable on these processes.

    2. Control environment A key finance function objective is protecting assets. Ensuring critical controls, policies and procedures are in place is crucial, while at the same time not creating bottlenecks in the organization.

    3. Optimizing available technology Ensuring processes are appropriately enabled by technology and new functionality is constantly incorporated into existing processes in a controlled manner. Staff must be knowledgeable on the technology.

    4. Performance management Another key objective of the finance function is creating va

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    able on these processes.

    2. Control environment A key finance function objective is protecting assets. Ensuring critical controls, policies and procedures are in place is crucial, while at the same time not creating bottlenecks in the organization.

    3. Optimizing available technology Ensuring processes are appropriately enabled by technology and new functionality is constantly incorporated into existing processes in a controlled manner. Staff must be knowledgeable on the technology.

    4. Performance management Another key objective of the finance function is creating v

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    es and procedures are in place is crucial, while at the same time not creating bottlenecks in the organization.

    3. Optimizing available technology Ensuring processes are appropriately enabled by technology and new functionality is constantly incorporated into existing processes in a controlled manner. Staff must be knowledgeable on the technology.

    4. Performance management Another key objective of the finance function is creating v

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    Ensuring processes are appropriately enabled by technology and new functionality is constantly incorporated into existing processes in a controlled manner. Staff must be knowledgeable on the technology.

    4. Performance management Another key objective of the finance function is creating v

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    ner. Staff must be knowledgeable on the technology.

    4. Performance management Another key objective of the finance function is creating value. This is possible through appropriate reporting, information visibility and performance measurement systems for the organization.

    5. Compliance Robust compliance as efficiently and cost effectively as possible. Identify all compliance and timing, assign responsibilities and providers and monitor.

    6. Retaining staff Recruiting and training staff is expensive. Retaining staff is not as expensive. Identify your performers and make plans around each one.

    7. Planning for the future Considering appropriate strategies such as outsourcing or shared services to support p

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