The controller's new challenge: Maintaining control in modern companies
As the chief financial officer (CFO) assumes more of a strategic role in many companies, the controller’s responsibilities are also evolving and becoming even more critical. In addition to basic accounting, today’s controllers must provide more data, insights and value to the organization. While technology has created many of these pain points, it can also be leveraged to solve problems within the organization, and equip controllers with the necessary data and visibility to successfully fulfill emerging requirements.
Controllers must have a complete understanding of their accounting and financial system to have confidence in the numbers and deliver accurate data. Modern enterprise resource planning (ERP) systems have the ability to manage the controller’s growing demands, and the flexibility to adapt to evolving data requirements. A comprehensive, integrated ERP solution yields more accurate, actionable data, and can scale to meet your needs without significant additional investment.
The new challenges controllers face are coming from many directions, and are prompting the organization to re-evaluate the traditional controller role. These emerging factors include: an increasingly distributed workforce, changing business models, heightened reporting requirements and new responsibilities for the CFO. Read our white paper to learn more about the growing challenges that controllers face, and how a centralized ERP system can help address difficulties, reduce risk and encourage growth.