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Financial Insights

Being the best: Insights from leading finance functions

In a time of immense change, many CEOs are realizing that to achieve their goals, they need the support of a finance function actively engaged in addressing strategic issues. In an effort to determine how organizations can achieve these goals, KPMG International commissioned the Economist Intelligence Unit (EIU) to conduct international research, which examines how finance executives are improving the effectiveness of the finance and accounting function and how they interact with business units and external stakeholders.

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Key findings:

Top performers spend less time on cost control and more time on decision support

Forecasting and management information, the two main priorities for improvement

Many companies are considering shared services or outsourcing as their preferred delivery models

Compliance is a long-term challenge

Leading CFOs are spending more time on investor relations

Companies must simplify and consolidate

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