How do you balance increasing demands for governance and transparency with operational efficiency?
The level of responsibilities and demand for transparency in finance is increasing. Sustainability reporting, corruption control, cyber risk awareness – the expected level of compliance is higher than ever. Simultaneously many companies are undertaking ledger change and base system changes, or other changes in main technology. Changes that add to the complexity of balancing control and efficiency but also give an opportunity to evolve and excel.
Balancing the trinity; system architecture, information management and process control puts a lot of demand on operational managers. How can organizations mature, to decide and follow up on governance insight demands, and on efficiency level expectations?
Discuss;
– How have you experienced increased demand for transparency and control?
– How do you divide responsibilities and do you think businesses are good at setting governance that co-workers understand and can comply with?
– In what ways are you enabling cross function collaboration to ensure the strived for level of insight and follow up?