Business Area: Financial management and procurement
Finance management administrates, optimizes, reports, and plans the economic aspects of your manufacturing operation. It relies on highly accomplished, skillful professionals performing myriad activities, many of which occur at regular intervals. In many successful production companies, the efficiency and productivity of financial roles and processes receives minimal consideration as long as the business thrives. But, even when the company is healthy, you can likely make it even more valuable and competitive by practicing streamlined, goal-driven finance management with greater transparence and assurance. Regulatory compliance is generally either complete and flawless, or fails; it does not tolerate partial outcomes. However, achieving compliance is typically the result of various activities performed by collaborators in finance, operations, and the executive team. You can assess the effectiveness of compliance workflows much like you validate other processes.