Page 303 - SBL Integrated Workbook STUDENT 2018

Financial decision making

1.5 How the finance function can help

Information technology is facilitating the redesign of the finance function in that it can

 communicate information more quickly

 more easily connect different parts of the business

 reduce the cost of communicating information with business partners

 more readily identify areas for improvement

 be used to extrapolate and forecast more easily

 gather external information and alternatives more quickly and easily

 provide more information on available B2B options for elements such as
outsourcing.

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