Initiatives to automate and streamline financial processes often focus more on reducing costs than adding value. Adding the kind of value you should have in your financial processes stands at the heart of a broader initiative known as governance, risk, and compliance (GRC). Learn why embedding the components of GRC within your financial processes can help you track financial flows and alert you when things might go awry.
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public sector, life sciences, IT and retailing. What executives are saying In 1998 CFO magazine published an article on how Case Corporation, a US-based manufacturer, was working to automate, simplify and harmonise its financial processes. A decade later, financial executives are still at it. When asked about issues with financial processes, survey respondents cited manual processes, inconsistent methodologies and complex procedures as the major problems (see Figure 1). Incompatible legacy systems,