Finance execs struggle with Bill 198

Almost 50 per cent of finance executives don’t think they will be able to comply with regulations such as Bill 198, according to the data gathered by CFO.com, but IT is not to blame. The response so far has been similar to the way North American car manufacturers tried to improve quality when faced with global competition by throwing more money and people at the problem. “All of a sudden you’d have a car come off the line and 35 people would descend on it and kick it to make sure it didn’t rattle,” says David Axon, president The Sonax Group. Eventually, the automakers applied quality control principles to manage their processes more effectively.