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Faster Finances Supply chain pressure can be eased if
companies cut their financial reporting times. But, says Chris Bedell
of KPMG, this is proving to be a struggle. |
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The drive to reduce reporting cycles has been a concern for corporations for several years: and the advent of the internet has underlined the need for timeliness. The changing business models - with increased market opportunities and competitive threats - demand faster decisions within the organisation. Internet technology provides new ways of sharing information with business partners, shareholders and decision makers throughout the organisation. The combination of these factors is driving the need and ability to deliver better information, faster. Every financial director knows the theory that if reporting times are reduced, the organisation will be nimbler and, ultimately, more successful. KPMG Consulting recently questioned 253 listed European companies - and all respondents showed a strong commitment to reducing reporting cycles. Yet in 1999, despite their efforts, European companies actually took two days longer to release their provisional figures to the press than in 1998. More... |
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International Consultants' Guide September 2000 |
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E-Supply
Chain