Process Improvement for Effective Budgeting and Financial Reporting (PDF)

"The budget and financial reporting processes are well known
sources of frustration for most CFOs. Seeking a quick fix to the
problem, the common solution is to pour more money into new and
better software. This leaves the root cause, the inefficient and
dysfunctional underlying processes and routines, unaddressed. As
this book shows, substantial and sustainable improvements are only
achieved through an holistic approach to process improvement,
technology, strategy, and people."

--Tom Henry Knudsen, Executive Vice President, Telenor Eiendom
Fornebu AS, Proven methods for improving efficiency

Corporations face a high turnover among financial managers,
rapid changes in technology, lack of time and process redesign
skills, and ongoing ambiguity about primary objectives behind the
budgeting and financial reporting processes. Amid this frenzy, it
is the fundamental efficiency of these processes that dramatically
impact overall business performance. Process Improvement for
Effective Budgeting and Financial Reporting provides financial
managers with a compelling blueprint for increasing efficiency and
eliminating waste of time and energy. Four operational experts lay
out an 80/20 plan-improving 80% of processes in 20% of the time it
would take to improve 100%-and explain a Business Process
Improvement (BPI) plan that incorporates:

* The emerging trends affecting financial managers today

* Step-by-step process implementation

* Interviews with industry leaders, consultants, and managers who
have successfully instituted BPI plans

* Appraisals of the available software that can help or hinder
the process

There is no substitute for improved efficiency. CFOs,
controllers, budget managers, and financial analysts will
significantly benefit from adding this authoritative guide to their
professional libraries.