To meet this challenge, a good starting point is to align the activities of finance and risk – two important support functions charged with safeguarding this balance.
However, a combination of cultural, organizational, linguistic and systemic barriers has traditionally divided these functions. In KPMG’s 2013 survey, only a minority of finance executives said their finance and management functions and processes were fully integrated.
Companies that can break down these silos can win confidence that their business decisions will be more balanced over both the short and long terms, giving them an edge over their competitors.
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