X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

In its recent report “Unlocking Potential: Finance effectiveness benchmark study 2013,” PwC benchmarked the finance functions of more than 200 companies based on their performance in everything from the quality of their budgets and financial forecasts to the efficiency of their transactional processes to their effectiveness in treasury, risk management, tax compliance, and audit. Then it grouped the finance teams into quartiles and compared them across a variety of characteristics.110613_PwC study_Figure 1-v3

In terms of efficiency, the survey found that the cost of finance for top-quartile businesses is 0.56 percent of corporate revenue. For the median company, that number is 0.93 percent—so the proportion of corporate revenue that goes toward finance costs is nearly two-thirds higher for the typical finance function than for top teams.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.