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The current economic environment creates new
challenges for finance executives. Constant pressures
to excel in operating a low cost finance organization
while targeting new value creation opportunities and
acting as business advisors, sets the bar high for expected
performance. A combination of trends may make the
future economic environment even more demanding.
Finance executives play several important roles in creating shareholder value and building competitive advantage. First, they must operate efficient financial organizations capable of processing transactions, maintaining controls, and reporting results at world-class levels of operating costs. Second, they must create analytic capabilities to help employees across the company understand the key drivers and results of corporate performance in time to modify strategies and influence events. Finally, finance executives must concisely articulate a clear understanding of the company''s economics in context of the industry, changing macroeconomic environment, and strategic goals for investors and other interested stakeholders.
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