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Thriving not just surviving

02 July 2009

Improved forecasting, budgeting and risk management; just some of the areas in which many corporates now accept that their finance functions will have to improve in the wake of the credit crisis, according to a KPMG publication entitled 'Thriving not just Surviving'.

516 people responded to the survey, undertaken by CFO Research Services for KPMG International. Results show that even in the early stages of the credit crisis, many businesses quickly realised that their finance functions had to improve their ability to challenge and support the business. Risk management is one of the business skills that respondents believe needs to improve over the next two years.

"We're now seeing an even greater conviction that things need to improve," Rodger Hill, Head of Financial Management at KPMG, commented. "This tells you that plenty more companies have since realised where their shortcomings lie."

For details of the results and to download KPMG's report, see Credit crisis sparks frantic review of finance function best practice.