Financial Polices That Need to Be Reviewed During Financial Transformation
This IDC Perspective discusses the top financial policies to develop and maintain, enhance operational efficiency, mitigate financial risks, and drive sustainable growth for the organization. Many organizations do not review and update their financial policies on an annual basis, but if your organization is going through finance transformation it is an opportune time to do so. "Financial policies are vital in the financial control of any company. Many underestimate the power and authority of these financial policies. Finance and accounting professionals use these policies to execute processes and hold the organization accountable." — Heather Herbst, research director, Worldwide Office of the CFO at IDC
Please Note: Extended description available upon request.
Executive Snapshot
Situation Overview
Expense Management Policies
Examples of Expense Management Policies
Budgeting and Forecasting
Examples of Budgeting and Forecasting Policies
Accounting and Financial Reporting
Key Accounting and Financial Reporting Policies That Companies May Implement
Treasury and Cash Management
Types of Treasury Policies That Organizations May Implement
Risk Management Policies
Key Risk Management Policies That Companies May Implement