BuildingWorld-ClassFinanceandPerformanceManagementCapabilitiesKeynoteTheabilitytoconsistentlydriveinsightaboutimprovingbusinessperformanceisoneofthemostimportantleadershipresponsibilitiesforfinanceexecutives.Itisalsooneofthemostdifficultresponsibilitiestoachieveonanoperationalbasis.Successincreatingbothbusinessanalyticsandperformancemanagementcapabilitiesrequiresfinanceexecutivestomovebeyondtheboundariesoftheirorganizationstoinfluencethesystems,decisions,andactionsacrosstheenterprise.Tomakethejobevenmorechallenging,therangeoftoolsandtechniquestocollect,organize,understand,andcommunicateinformationregardingindustry,competitiveposition,enter-priseperformance,andspecificinitiativespresentsacontinuallychanginglandscape.Manyfinanceexecutivesstarttotacklethechallengebyestablishingtransactionprocessing,control,andreportingsystemscapableofrapidlygeneratingbasicinformationabouttheenterprise.Withtheseessentialcapabilitiesinplace,leadingfinanceorgani-zationsareimplementingmoresophisticatedbusinessanalyticandperformancemanagementtools.Asdrivinginsightfromdisparateinformationincreasinglybecomesthecompetitiveedgediffer-entiatingwinningcompaniesacrossindustries,theimpactofwell-designedanddeployedcapabilitieswillbecomemoreapparent–andthefocusonthesecapabilitieswillincrease.Thereareseveraltrendsthatshouldaffectthespeedofimplementationandlevelofsophisticationofnewbusinessanalyticandperformancemanagementcapabilities.Thestrategiesandsolutionsadoptedinaspecificenterprisewillvaryasthesemarketscontinuetomature,butcommonthemesareemergingamongleading-edgecompetitors.Thesubstantialbusinessvaluetobegainedprovidesacompellingreasontostartcreatingnewcapabilitiesnow.TrendsImpactingBusinessAnalyticsandPerformanceReportingInvestorsareupset.Regulatorsareactive.Allisnotwellwithfinancialtransparencyandinvestorrelations.TheCEOandentiremanagementteamarenowundersignificantlyincreasedpressuretorespondtonewfinancialtransparencyrequirementsintroducedthroughtheSarbanes-OxleyActintheUnitedStatesandplanned...
