The best performers need just 4.8 full-time employees per $1 billion in revenue to perform the general accounting function.
Three out of four CFOs now have process improvement initiatives underway.
The top 25% of companies can finish the cycle of completing quarterly financials to the release of earnings per share in 12 days or less.
CFOs are skeptical about claims that process automation is the cure-all for excessive costs of the finance function.
There’s a large gap between top performers and those companies that are spending the most to process accounts payable.
Just 40% of finance executives rated their financial planning and analysis capabilities as effective. It's time for a change.
Those that do, however, find that testing the potential impact of risks on financial results clarifies strategic options quickly.
Audit complexity is a growing – and costly – problem for CFOs of big and small companies.