Bill Fuessler and Steve Rogers of IBM show how an integrated approach to organisational ‘truth’ can help chief financial officers lead the fight against business risk.
• Establishing global standards through process ownership.
Global process ownership (as opposed to process enforcement
or process participation) is a key enabler to getting past
boundaries and barriers.
IFOs are 3.5 times more likely to employ global process ownership
enterprise-wide – that is, 71% versus 20% for non-IFOs. Organisations
with strict adherence to global process ownership are much
more likely to have adopted process and data improvements
enterprise-wide.
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