When applying lean finance principles, finance teams focus on improving the efficiency and effectiveness of their core activities to enable:
- reliable data streams
- uniform reporting standards
- optimized finance processes and technology infrastructure.
Finance functions can then harness the resulting gains in quality and efficiency to improve the range, timeliness and integrity of their strategic business support.
In short, lean finance involves simplifying, streamlining and harmonizing essential finance processes to create a leaner, more efficient finance operation.
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