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Shared services raise the efficiency of the finance function

Future CFO

This allows the organisation’s core finance and accounting (F&A) operations to concentrate on more strategic work, such as financial analysis and planning. "We An example of this will be the issuance of invoices based on billing requests.

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5 Excel-heavy Pain Points still Dragging down finance teams in 2024

The Finance Weekly

However, even with these advanced ERP systems and other third-party software products, most small to large businesses still must manually use Microsoft Excel (Excel) for financial analysis, reporting, and other activities. These processes vary. This makes what is likely an already time-consuming task mind-numbingly slow.