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- PAGE3 - 22 May 1996 comments filename LETTER2.DOC comments filename LETTER2.DOC 7 June 1996 Dear Does your Finance function deliver good value for money? How much resource within your Finance function is spent on activities that could be automated? What is the opportunity cost of deploying personnel on these activities? How does your Finance function compare with the world’s best? Leading organisations are demanding that Finance go beyond the provision of information to measure financial performance and control risk, into areas that create value for the organisation. This added value can be delivered in many ways, increasingly these organisations, striving to increase the contribution from the Finance function, are evaluating the experiences of other organisations for ideas on how to execute finance processes, faster, cheaper and better. Do the following sound familiar? Our Finance department spends too much time filing, copying and passing paper Our systems are not flexible enough to cope with continual process improvements and organisation changes Why can’t we identify and eliminate process bottlenecks automatically? Why can’t I have only the reports and information that I am responsible for? I find it difficult to measure the performance and stability of suppliers and customers The information I receive is too late to enable me to take effective action In response to this Arthur Andersen and SmartStream have developed an integrated approach to address many of these issues by combining two key components; Global Best Practices SmartStream Global Best Practices - is the culmination of over ￡30m of research and consultancy involving Arthur Andersen’s world-wide practice working with many diverse organisations committed to implementing best practices across a wide range of business processes. This collective experience has been pooled into a single knowledge base - Global Best Practices. SmartStream - is the only truly distributed client-server application su