The Financial Reporting Strain on CFOs is Telling
Financial reporting is putting a major strain on the office of the CFO. In an article published on FinancialIT.net, Henry Umney, discusses how the pressures of internal reporting, along with increasing regulatory scrutiny, is keeping 97% of CFOs awake at night. He goes on to explore how internal processes and complexities are compounding this pressure on finance departments, who are often dependent on IT departments to augment their reporting processes with enterprise systems.
Henry’s underlying message is that spreadsheets, used in final mile reporting, data aggregation and manipulation and other roles, are a major underlying cause of this strain. Yet taking a measured, holistic approach utilizing available technology can reduce pressures on the office of the CFO and ensure they are able to sleep at night once again.Read the full article
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