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The State of the Art in Finance

Overview Benchmarking is an important tool that finance organizations use to stay competitive. It allows them to determine the value of adopting best practices and changing business processes. To assess the trends in the finance function and identify best practices, APQC (formerly known as The American Productivity and Quality Center) has evaluated the performance of over 130 finance organizations. The study included these key processes:

Financial strategy and planning
Internal controls
Treasury
Revenue accounting (order to cash)
General accounting
Fixed assets and project accounting
Accounts payable and expense reporting
Tax
Payroll

This SAP Insight report discusses the results of the APQC survey, as well as research performed by SAP, in light of the current state of the finance function in U.S. companies, the challenges to that function, and the road map to increasing its strategic capabilities.

Further White Paper Details
Publisher	SAP	File Format	PDF
Date Published	January 2006
Format	White Papers
Topics	Business Management, Finance, Cost Control - Risk Mgmt., Strategic Planning, Sarbanes-Oxley, Gramm-Leach-Bliley Act, SEC Rule 17A-4

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