Strategic financial management holds the key to resolving some of the most intractable problems facing global manufacturers, including disappointing shareholder creation, unprofitable innovation and acquisitions, and structural cost traps. This bylined article by Deloitte Consulting LLP Principal Sam Silvers and Senior Manager Mark Kasmerski, as well as Director of Deloitte Research in Manufacturing Peter Koudal, describes a process known as Finance Transformation that focuses on improving performance, stewardship and control of the company by allowing chief financial officers (CFOs) and their finance organizations to have greater impact on strategy formulation and execution across the enterprise.

The article uses many valuable real-life situations to illustrate how the transformation of finance, combined with greatly improved systems and processes for managing information, provides a real opportunity for improving strategies and operations, and driving business performance, including:

• Meeting investor expectations for profitable growth
  
• Reaping the rewards of globalization
  
• Profiting from innovation
  
• Transforming through services
  
• Coping with structural cost
  
• Making mergers and acquisitions work
  
• Realizing returns on risk

Download the full article from Treasury Management International below. Distributed with permission from the publisher.