Finance departments missing target
Posted by Rodger Hill in In business on Thu, 02/07/2009 - 11:50
- Finance departments should exert greater influence over strategic business decisions
- Rather than being score keepers, they should be more forward looking
- Economic uncertainty has simply exacerbated the need for the right information at the right time
- Finance professionals who can assess situations and forecast well are in great demand
Finance departments should be more involved with board level decision making if business are to survive the recession, according to Rodger Hill of KPMG UK.
In a recent survey commissioned by KPMG International*, over 80% of respondents said finance functions should urgently seek to improve their influence over strategic decision making at board level.
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