As renowned cost accounting professor Chuck Horngren notes, corporate finance executives can deliver the greatest value by establishing the sturdiest foundation of timely, reliable and relevant facts. This analytical platform ultimately enables their organization’s most important measures – including revenue growth, return on invested capital and profit growth as measured by EBITDA – to outpace the financial outcomes of the competition. The goal is to support speed and effectiveness in decision-making.
This paper examines the composition of that analytical foundation, how it can be enhanced to provide a better springboard for disseminating business insights, and how automation help enable and strengthen this foundation.
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