New Environmental Challenges Demand Better Financial Information Systems: Steps In Ensuring The Success Of New Financial Systems

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst

Industry Analysis

Finance departments in behavioral health and social service organizations are undergoing dramatic changes. In markets with declining revenues and margins, increasing demand for performance measurement, and greater fiscal accountability, organizations are finding that their finance departments need new competencies for success, along with more robust information systems to support business decision-making.

A new priority for the chief financial officer (CFO) and the finance department is to empower people with better and more readily available management information . . .