Traditionally, value has been understood to describe to touchable assets, the physical things that can be seen and touched. To plant machinery and office buildings are everything from hard cash and inventory. Increasingly, real business value is noticed as lying in intangible assets: goods with no material form but as still hugely valuable. For example, a company’s intellectual property, its human resources or its brand. For the finance function of businesses, the fundamental change in how value is understood gives with it some true challenges. Understood and demonstrate the true value of their business it should be able to correctly measure and announcement on intangibles. Moreover, for finance to be adequate to build a compelling narrative around this data and it should work hand-in-hand with business managers to understand the full conclusion of what data is telling them. In this exemplary, finance is the instruction system for the business, to find connecting all the various departments and stakeholders, and report on the value. To activate the vision, however, finance needs to modify the way it operates. Manual processes and days of spreadsheets are over for the ‘last mile’ of reporting.
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AuthorKervin Kupp Archives
April 2020
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