Basware Cost of Control Series

By Dr. Markus Maedler and Dr. Steve Jones
IESE Business School and Indiana University, Kelley School of Business(June 2010)

Poor visibility of key financial information is undermining CFO's confidence in company performance. The second annual global study, The Cost of Control 2010 provides insight into the opinions and priorities of 550 finance executives around the world. This year’s report highlights how poor visibility of key financial information is undermining CFOs’ confidence in their departmental and company performance, ultimately leaving doubts around profitability. Constrained by this limited visibility, businesses are struggling to make informed decisions and effectively forecast and manage costs.

The Cost of Control research series features insight from CFOs and financial directors in large organizations from the USA, UK, Scandinavia, Germany, Benelux, France and Australia. Previous installments to research series were published in June 2009 and November 2009.