Adaptive Insights' Global CFO Survey Reveals Actionable Insights Limited by Reporting Process Inefficiencies - Seite 2

This quarter's report shows more than half of CFOs (54%) say they generate reports by exporting data out of their ERP systems and into a Microsoft Office® application such as Microsoft Excel®, Microsoft Word®, or Microsoft PowerPoint®. Of those that report an inefficient process, 64% take this approach. For those who generate their reports directly out of their ERP system (21%), 41% periodically found their numbers to be inconsistent from report to report.

Because the lack of a centralized reporting system introduces inconsistencies in metrics, data, and calculations, finance teams must spend an inordinate amount of time verifying the accuracy of their reports. The report advises that to mitigate risk and save valuable resources, CFOs will need to solve the data integration issues standing in the way of gaining actionable information.

More Reports and Stakeholders Elevate Need for Self-Service, Visualization
The CFO Indicator Q4 2016 report reveals that in addition to being asked for more reports, the type and format of data varies by audience. Board members often ask for reports containing an increasing number of operational data points and in a visual format. As finance strives to meet the needs of an increasing number of stakeholders, CFOs will want to consider a reporting approach that provides multiple, fast visual views of a growing amount of both financial and operational data.

The report advises CFOs to consider not only how they can improve reporting efficiency for their teams, but also how they can move their organizations toward a self-service reporting model -- providing key stakeholders with direct data access so that they can run their own reports and queries.

For additional information, download the CFO Indicator Q4 2016 report, read the blog, or view the infographic.

About the Adaptive Insights CFO Indicator
The Adaptive Insights CFO Indicator is a quarterly report that highlights what is top of mind for CFOs, as well as unveils key attributes that define the strategic CFO. This quarter's report surveyed 405 chief financial officers across the globe online over a period of 18 days ending January 7, 2017. For additional insights, see previous quarters' CFO Indicator reports.

About Adaptive Insights
Adaptive Insights is the recognized leader in cloud corporate performance management (CPM). The company's Adaptive Suite enables companies of all sizes to collaboratively plan and model, easily access real-time analytics, streamline complex reporting, and accelerate financial consolidation. With this best-practice active planning process, Adaptive Insights differentiates with easy, powerful, and fast software that empowers more than 3,300 customers globally to drive business success.

Adaptive Insights is a privately held company with headquarters in Palo Alto, CA and a presence in more than 85 countries. To learn more, visit adaptiveinsights.com.

Contact:
Diane Orr
Adaptive Insights
650-422-7334
[e-mail]