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Following recent high-profile corporate disasters, the finance function has been accused of being an executive lapdog rather than company watchdog. Deloitte
Consulting’s Marcus Boyle and Peter Moller show how finance can add value, without losing its teeth.
Finance gets its bite back - Part 1 | Part 2
The finance function has undergone dramatic change in recent
years – with increased automation, fewer employees and added
responsibilities.
For the most part, FDs have been successful in reducing costs:
the cost of the average finance function as a percentage of
total company sales has halved to just over 1%.
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Consultants' Advisory 2004
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