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What’s Wrong with Current Financial Management Systems?
Most CFOs agree that their teams should spend more time on business planning, analysis and decision support – but they are burdened with low-level, manual tasks due to outdated or inadequate systems. Many of these systems are unable to adapt to changing business priorities and processes which interferes with Finance’s ability to meet the demands of its role. As they look to Cloud systems and providers, CFOs identify greater IT flexibility as the most valuable benefit offered by Cloud-based systems.
This study outlines the perspective of CFOs on these themes:
- Strengths and weaknesses of their companies’ financial management systems
- How easily their systems can adapt to change
- Which areas of systems improvement would most improve their team’s success
- How companies replace their financial management systems