HOW CONTROLLERS CAN BECOME FINANCE BUSINESS PARTNERS

Controllers have a new role in their organizations, and strategy is the key. Traditionally their role has been process driven and governed by routines such as month-end and statutory reporting. Financial statements, general ledger, cost accounting, payroll, accounts payable, accounts receivable, budgeting, and tax compliance are typical responsibilities. Yet numerous research studies by IMA® (Institute of Management Accountants) indicate that corporate controllers are doing much more. Their role is expanding and changing in ways that mirror those of the broader finance function.

Make Operational Controlling Great Again

The Operational Controller is a strategic role within an organization. And, perhaps... this is one of the most misaligned roles within most organizations today.
As many of us know, effective cost management is the primary measure of accountability for business leaders. Cost management occurs through the strategic implementation of identifying and remedying waste by executing on the commitment and coordination of resources. Great cost management enables and ensures the highest possible level of product quality, machine reliability, and plant productivity at the lowest possible cost.