Thursday, December 16, 2010

The Purpose of Tools (including IT Tools)

Most financial analysts, finance engineers, and managers forget that the purpose of a tools is that of a process multiplier, that is, make the process perform better, cheaper, faster or any and all of these three.  Finanically and department managers want to take all of the credit for any process improvement, while always attempting to make the tooling more "cost efficient" even at the expense of making the process less effective.

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