Short description According to industry experts, a typical one billion dollar company spends approximately $27 million on unnecessary working capital and inefficient processing functions because they lack visibility into the financial supply chain. Optimizing Back Office Operations: Best Practices to Maximize Profitability uses examples and case studies to show how cost optimization--and not cost reduction--in the core back office operations is the right approach to maximizing profitability and enterprise value. Implementation guidance is provided for Executives, CFOs, and Controllers on transitioning from outdated processes to a fully-optimized financial supply chain.
From the contents Preface.
CHAPTER 1 Profits: The Reason a Business Exists.
Profitability Defined.
Profitability Equation and Related Metrics.
Liquidity, Growth, and Financial Flexibility.
Conclusion.
CHAPTER 2 Cost and Capability: Strategic Choices.
Capability: One Size Does Not Fit All.
Cost: You Get What You Pay For.
Measuring Capability.
Conclusion.
CHAPTER 3 Financial Supply Chain: Entering the Gold Mine.
What Is the Financial Supply Chain?
Working Capital Defined.
Working Capital Processes.
Conclusion.
CHAPTER 4 Platform for Execution: A System for Maximizing Profits.
