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Long before these recessionary and uncertain times, finance organizations have been on a path to transform themselves into a more strategic partner to the business. To combat the affects of globalization, organizations have been driving towards centralization and standardization, which will result in simplification. Globalization is an inescapable force in doing business today, whether it's about pursuing new markets and customers or responding to a new set of global competitors or standards. The global economy offers a tremendous opportunity for growth, but at the same time presents management with some tough challenges.
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