Search
 
Analysis

What Makes a Finance Function World-Class?

And what measures should a finance group with average performance take to move toward world-class status?

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Stock illustration: Signs pointing in a new direction

Companies with world-class finance departments operate at a significantly lower cost and with a smaller staff than the typical organization. That’s the headline news from a recent analysis by The Hackett Group.

The firm defines “world-class” by evaluating the performance of Global 1000 companies across a range of measures of finance efficiency and effectiveness. It then weights the different metrics and identifies the top-performing finance functions, which it labels “world-class.” Typically, about 15 percent of finance organizations in the study receive this designation, according to The Hackett Group.

In the firm’s latest “World-Class Advantage” research, these high-performing finance organizations have several advantages, including:

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?

Meg Waters

Meg Waters

Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.

More from this author

Recommended Stories

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.