Tim Carmack, CFO of Lucile Packard Children's Hospital, has an unusual resume -- he was CFO of an Orange County Hospital at 29, taught English in Vietnam in his mid-40s, and then returned to health care when Packard offered him the CFO position. In this interview with Steve Player, Carmack discusses his wide-ranging career and the role of finance transformation in the organization.

If you're hunting for the time vampires in finance processes, you don't have to look much further than the annual budget, with its multiple iterations, elusive magic numbers, and questionable results. Here's how budgets disempower managers and sap their motivation.

Just 20 percent of customers drive 150 percent of a company's profits, according to Derek Sandison of PM2, which means there are a lot of customers dragging a company's returns down. Here are some identifying characteristics of unprofitable customers.

Continuous controls monitoring (CCM) can help you pinpoint weaknesses in your accounting processes -- why not use it to zero in on cost-cutting opportunities, too?

Integrated business planning (IBP) can help organizations sell more, better allocate their resources, and speed up their reaction time to changing market conditions. Learn more by reading Ventana Research's "Integrated Business Planning: Addressing Today's Challenges and Opportunity" in the BPM Resource Center.

The 6th Annual BPM Summit brought together some of the business world's foremost practitioners to explore the transformational role of finance in the enterprise. If you missed the live event, you can still enjoy access to the audio and slide shows from the keynote presentations at our on-demand archive.