Overview
Supporting/managing/mitigating enterprise risk, and driving information integration across the enterprise. What do both of these financial management agenda items have in common? Unfortunately, these were both ranked lowest in importance on the 2008 Global CFO Study. Yet they are key differentiators for outperformers in revenue and stock price growth.
The components of good governance, including common data definitions, standard Chart of Accounts, standard common processes, and globally mandated standards, are all drivers of information integration. Yet fewer than one in seven enterprises govern and manage by these criteria. Integrated Finance Organizations (IFOs) incorporate these into their enterprises and have revenue growth rates nearly double that of their industry peers. Why? Because they are more prepared for and aware of risk.
Our Financial Management practice has a history of helping CFOs and finance organizations design and implement the financial processes and underlying technologies required to overcome today's most complex business challenges. We help clients better integrate process, technology and information to:
- Drive enterprise-wide profit improvement and shareholder value
- Create a "finance on demand" organization that is responsive, variable, focused and resilient
- Reduce the cost of finance through efficient transaction processing
- Provide decision makers at all levels with the right information, when and where they need it
- Effectively manage risk and opportunity
 | "At their fingertips, CFOs and financial executives have the power to unleash future growth by breaking down complex processes." Bill Fuessler
Financial Management, Global and Americas Leader |
Why IBM
With more than 4,100 financial management resources located across the globe, IBM has a strong record of serving as a trusted advisor to CFOs and finance leaders. Our dedicated teams of research and thought leadership professionals provide insights into the issues facing finance professionals, enabling us to offer deep finance function expertise coupled with effective technology implementation and integration capability.
We offer proven finance transformation tools and experience, such as detailed process leading practices, functional benchmarks, industry metrics and pre-constructed process flow diagrams. IBM Financial Management Consulting services bring strong partnerships; we are the number one SAP Consulting Provider and a leading integrator of Oracle/Hyperion applications. Our recent acquisition of Cognos has added over 200 experienced practitioners to our Financial Management practice.
We bring experienced IBM finance executives to meet with clients, including former CFOs, controllers and CIOs. Our consultants have worked with 75% of the global Fortune 50 and 80% of the FT 50.
