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Unlocking business intelligence Logo cima

  Free |   CIMA |   2009 |   Thought leadership

In this executive report the CIMA Improving Decision Making Forum (the CIMA Forum), consisting of senior accountants from leading organisations, notes that some leading businesses may have a competitive advantage because they have already transformed their finance and accounts operations. They have streamlined processes and standardised systems. They use shared service centres, whether in-house or outsourced, to achieve economies of scale and form centres of excellence in routine processes and increasingly in higher value services too. But, in addition to increasing the efficiency of the finance function they have also improved its effectiveness in supporting value creation. They have developed finance personnel as business partners and deployed them to help manage performance and improve decision making across the business. (PDF 1.4MB)

Topics covered:
  • Management accounting: Technical: Management reporting & analysis: Performance management, Expert

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2 Comments/Reflections

Martin Woodward

Martin Woodward Nov 2018

There are a number of item in this report that will be very useful to help unlock our business intelligence and help identify techniques/areas where we aren't particularly good at using.

I will be returning to this report in future to re affirm some ideas.

Robin Finlayson

Robin Finlayson Dec 2016

This is a brilliant paper, a very well structured and valuable source of information which will help me support the transformation of our finance function and ultimately our organisation as a whole.