Publication Type
Journal Article
Version
publishedVersion
Publication Date
9-2013
Abstract
Significant changes in external market conditions have resulted in operations placing greater demands on the finance function. Traditional finance departments are increasingly expected to deliver more value and be more proactive in supporting the organization's overall business strategies. Unfortunately, many finance departments are not yet ready to meet such challenges. This article proposes a transformation process to reorganize present day finance functions to become a finance of the future. The proposed process applies tools such as best practices, outsourcing and technology to achieve a desired future outcome.
Keywords
Finance Function, Best Practices, Outsourcing, Technology
Discipline
Management Information Systems | Organization Development
Research Areas
Information Systems and Management
Publication
Journal of Organisational Transformation & Social Change
Volume
6
Issue
1
First Page
65
Last Page
77
ISSN
1477-9633
Identifier
10.1386/jots.6.1.65_1
Publisher
Taylor & Francis
Citation
HOE, Siu Loon.
Transforming finance for the future. (2013). Journal of Organisational Transformation & Social Change. 6, (1), 65-77.
Available at: https://ink.library.smu.edu.sg/sis_research/5165
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1386/jots.6.1.65_1