But with regulatory agencies such as the SEC pulling on one side and the big gorillas such as Wal-Mart and Dell on the other pushing their suppliers to open up their processes so as to lower their own costs by having a better understanding of what the real landed costs of goods are, companies are being asked to reveal the full monty.
The good news is that both Kane and Champy see openness as a competitive advantage. They see it increasing investor confidence and allowing senior managers to base decisions on all available information and to work more realistically with their supply chain.
But at the end of the day, transparency will only become a successful business practice by a realignment of the priorities between finance and IT, not by the whip hand of the SEC or the push by those big gorillas.
Oh, I almost left out and the newest member of the executive team, your CCO (corporate compliance officer).
Is SarbOx wreaking havoc in your company, or do you see long-term advantages? I'd like to know what you think.