This document provides a thorough visual taxonomy of key business processes related to managing financial resources based on APQC's cross-industry process classification system (PCF), the most used process framework globally.
A process classification framework can be utilized in many practical ways. For example, it can provide a:
1. framework and checklist of processes when scoping process-related projects
2. starting point for a process documentation, offering a detailed list of processes to use in process flows, maps, and/or models
3. basis for structuring a process repository, whether using a sophisticated software or simple folders
4. foundation for undertaking process-related benchmarking and generating business analytics
This document follows the structure, and facilitates the usage, of APQC's PCF v7.3.1. It includes 11 process groups, 46 processes, and 194 process activities related to managing financial resources.
Contents
1. PCF Levels
2. PCF Overall Structure
3. Taxonomy for the Process Category – High Level
4. Taxonomy for the Process Category – Detailed
5. Taxonomy by Process Group – Detailed
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Source: Best Practices in Process Maps, Process Mapping, Management Accounting PowerPoint Slides: Key Business Processes | Financial Resources Management PowerPoint (PPTX) Presentation Slide Deck, ILMAM - Strategy & Management Consulting
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Key Business Processes | Management and Support Processes
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