Future Finance - How Technology Can Help Create A High-Performance Finance Function

It's found high-performance businesses that demonstrate "Mastery of finance" use the finance function in a distinctive manner to drive differentiation and superior results. Specifically, the research finds that high-performance businesses build their finance organizations by focusing on key sets of capabilities, one of which is finance operations. Mastery of finance operations requires the use of technologies, organizational structures and process best practices to enable high-quality, effective operations. Technologies such as electronic data transfer, workflow tools and optical character recognition can significantly increase the efficiency and accuracy of finance operations by automating processes and enabling proactive management.