CFO insight: the dividends of collaboration between finance and procurement
In the past, the dialogue between the finance function and the procurement function reflected a transaction-focused mindset. Activities were task-driven rather than goal-driven, and done within the context of the function, not the business. Procurement’s job was to acquire goods and services at the cheapest possible price and on the best terms. As the worldwide credit squeeze continues to assert pressure, and natural disasters impact supply chains, the roles of finance and procurement need to change to stay ahead of forces outside their control.
CFO Magazine conducted a survey of senior finance executives on how finance and procurement are collaborating in new and unusual ways in order to reap exceptional results.
Watch this webinar to witness the results, in particular discover:
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