Using Transparency to Enhance Reputation and Manage Business Risk
A Report on the Full Value that Transparency Delivers
A new report by Harvard Business Review Analytic Services sponsored by Basware reveals that transparency is key to business success. According to a global survey of 779 executives, 55% believe ethical and commercial considerations are equally important when evaluating suppliers. Respondents reported 3 crucial barriers preventing complete visibility in finance and procurement: technical, organisational and cultural. By tackling these barriers head-on, 90% say increased transparency leads to better informed decision-making across the organisation. Organisations that classify themselves as more successful than the competition had business transparency at its heart. Download this report for a deeper understanding of the full value that transparency delivers.
Report Snapshot
- 90% of executives say increased business transparency leads to better informed decsion making across the entire organisation
- 55% say ethical and commercial considerations are equally important when evaluating suppliers
- 26% say transparent finance and procurement processes would lead to an 11% to 20% cost reduction