Author: Michael Versace

Business Strategy
August, 2012  -  Doc # FIN236532
Number of Pages: 10
Number of Figures: 1

This IDC Financial Insights report defines enterprise financial management to mean the ability of an organization to understand, analyze, and visualize various types of business risks in an integrated manner.

According to Michael Versace, director of the Worldwide Risk Management Research at IDC Financial Insights, "The increased importance of enterprise financial management following the financial crisis of the past three to four years has come from the realization that the analytic disciplines of risk management, performance management, and compliance are interrelated. This realization has produced a compelling need to modernize risk and finance operations and architectures and establish enterprise financial management as a strategy that brings together traditional accounting and financial management, financial performance and control, risk management and compliance, and reporting functions to vastly improve risk taking and decision management."

IDC Financial Insights Opinion | In This Study | Situation Overview | The Approach | Future Outlook | Essential Guidance | Learn More