Trend #2: Lack of data and technology are
Earlier this year, we polled 252 financial and accounting decision makers to determine what major trends they see emerging that will affect the corporate finance function. In this seven-part blog series, we'll examine each of these developments.
Whether trying to achieve their mission, partner with the business, or execute their initiatives, finance teams are hindered by lack of systems and data. Interestingly, CFOs and CAOs are 70% more likely than the rest of the organization to mention lack of data as the issue.
Unfortunately, almost 20% of respondents said the organization does not value input from finance as a barrier to partnering with the business. High staff turnover is a big reason finance initiatives are being slowed or blocked.
Check back next week for the next of the seven trends.