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     621  0 Kommentare Adaptive Insights' Global CFO Survey Reveals Actionable Insights Limited by Reporting Process Inefficiencies

    PALO ALTO, CA--(Marketwired - Feb 22, 2017) - Adaptive Insights, the only pure-play cloud vendor to be named a leader in strategic cloud corporate performance management (CPM), today released its global CFO Indicator report, taking a closer look at the reporting process and how CFOs can free their teams to deliver the value-added analysis desired by key corporate stakeholders. Alarmingly, CFOs report that their teams continue to spend very little time on strategic tasks -- just 17% -- and remain reliant on the standard processes and technologies that negatively impact their ability to deliver actionable information.

    The CFO Indicator Q4 2016 report reveals that while 85% of CFOs say their teams have direct access to the financial and operational data needed to generate accurate reports, it is the non-value-added tasks -- like data gathering, verifying accuracy, and formatting reports -- that take time away from the strategic analysis desired by top management and other stakeholders. Most CFOs also cite data integration as the biggest technology hurdle to gaining actionable reporting information, given the increasing need to report on both financial and operational data typically housed in disparate, unconnected systems.

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    "Our survey validated the ongoing challenges CFOs face today -- the need to provide greater strategic value while balancing the increasing volume and sources of data," said Robert S. Hull, founder and chairman at Adaptive Insights. "Reporting efficiency plays a critical role here as CFOs want their teams to spend more time on strategic tasks yet recognize both the technology and process challenges associated with today's reporting activities -- namely, time-consuming, error-prone manual data aggregation. CFOs must address these challenges now if they expect to fulfill their roles as strategic partner to company management teams."

    The key findings in the report show that:

    • Only 17% of the finance team's time is dedicated to strategic activities. This number is down from the CFO Indicator Q2 2016 survey when the question was first asked and shows no progress for CFOs who also said they had a goal to double this activity by 2020.
    • 60% of CFOs cite data integration as the primary technology hurdle standing in the way of gaining actionable information for reports, necessitating manual data aggregation that eats up time and leads to inaccuracies.
    • 68% of CFOs expect a continued rise in report volumes. This rise will only serve to magnify process shortcomings, requiring CFOs to reassess their reporting platforms.

    Manual Data Aggregation Eats Up Time, Causes Errors

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    Verfasst von Marketwired
    Adaptive Insights' Global CFO Survey Reveals Actionable Insights Limited by Reporting Process Inefficiencies PALO ALTO, CA--(Marketwired - Feb 22, 2017) - Adaptive Insights, the only pure-play cloud vendor to be named a leader in strategic cloud corporate performance management (CPM), today released its global CFO Indicator report, taking a closer look at …

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