• Trend #7: Excel isn’t going anywhere

    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.

    Mark Twain once said in a cable, “The reports of my death are greatly exaggerated,” when his obituary was accidently published in the US press. The same can be said for Excel’s death. EPM applications have been claiming they are set to replace Excel and “Excel hell,” but the reality is it isn’t going to happen

    Posted by on October 28, 2016
    Topics: CFO
  • Trend #6: Finance hasn’t embraced big data… yet

    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.

    Big data is all the rage. The vast majority of companies, though, are not using it as part of their financial processes. At least not yet. Most have the aspirational goal of using it in the next 12 months. Past usage rates, however, suggest it will likely move more slowly.

    Interestingly, medium-sized

    Posted by on October 21, 2016
    Topics: CFO
  • Trend #5: CFOs see turnover as a roadblock

    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 being a strategic partner or improving processes in their areas, CFOs see high staff turnover as the top barrier to achieving key goals. That response was consistent across company sizes.

    This trend is likely driven by the improving economy. Past research, however, shows that “job drudgery” also

    Posted by on October 14, 2016
    Topics: CFO
  • Trend #4: Modeling is the top initiative

    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.

    Big changes in where finance focuses are being driven by the data and functionality now available via newer technologies. In the past, finance initiatives were more focused on improving processes or new approaches to planning. These have given way to modeling and predictive analytics for nearly half of the

    Posted by on October 7, 2016
    Topics: CFO
  • Trend #3: Hiring in the operational planning areas is outpacing that of finance

    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.

    An emerging trend is the increasing number of FTEs in operational planning areas. Nine out of 10 companies surveyed now have at least one operational function withintheir companies. These operational planning personnel are responsible for the planning, modeling, and

    Posted by on September 30, 2016
    Topics: CFO
  • Trend #2: Lack of data and technology areprimary barriers

    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,

    Posted by on September 23, 2016
    Topics: CFO