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As the economic crisis eases and companies begin pursuing new opportunities, they are looking to finance for advice on investment options and business decisions. By providing insights into financial implications, finance can help the business ensure that new initiatives deliver business value.
Yet today, finance's involvement in strategic decisions is limited. Transforming finance will require finance leaders to gain a greater understanding of operational issues within the business, automation of transactional processes, and tools to simplify compliance efforts to free finance to take on a more strategic role, as well as better data and tools for performing strategic analysis.
This white paper describes the benefits of strategic finance, issues holding finance back from a more strategic role, and how ERP systems can help finance take a seat at the strategic planning table.
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