More than 70 percent of controllers surveyed say a technology-driven external audit provides industry insights that help them compare their company’s performance with other companies. Knowing industry standards for turnover and profitability is crucial when deciding about an organization’s future strategy.
The corporate controller’s role continues to transform. Driven primarily by advances in technology and the need for organizations to capture, manage and leverage data to enhance an organization’s performance, the controller is at the center of the corporate universe. Increasingly, companies are expecting the controller’s office to be a central resource for critical business information that informs the decisions from the C-suite and across all important operations. Highly effective controllers no longer simply provide a rearview-mirror look at company financial data but offer a window into the future.
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We hope you find this Forbes Insights survey, sponsored by KPMG, informative and though provoking – helping you better understand how the role of the “transformative controller”can be a rich resource for c-suite executives, operating managers, sales and marketing and many other functional areas of a business.