Unlocking Potential: Finance effectiveness benchmark study 2013 is PwC’s fifth annual benchmark report which outlines the latest findings of our analysis of more than 200 companies that have participated in benchmarking projects. The report draws upon detailed data from these organizations, together with observations of the leading practices that drive top performing finance functions.
The data confirm that the leading finance functions are different from the rest, and provide more valued insight to the business. They manage talent more effectively, and have the right people in the right roles. They spend less time gathering data, and much more time understanding what it means. And their costs are much lower than the average.
The challenge for finance has not fundamentally changed over the years. Providing more for less, streamlining and reducing transactional costs, providing an effective control framework, and helping the business make the right decisions to improve business performance—we know all this. The challenge is in execution. The PwC benchmark data confirm that the leading finance teams are achieving results that are very different from the norm. In this report, we focus on organizations that are achieving significant change and improvement.