Reporting, Forecasting are Top Concerns for Finance Execs

According to survey data provided by Workiva, finance executives have pinpointed areas for improvement in their organizations, but don't always have the technology budget to match.

A lack of investment in technology creates additional pain points and wastes time. Forty-one percent of executives said the area where their team spends the most non-value add time is manual work and data reentry, and 35 percent said data collection and aggregation.

The top priorities for responding companies were strategic planning (43 percent), margin and earnings performance (30 percent) and periodic forecasting (12 percent).

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Source: 
Accounting Today
Contributor: 
Ranica Arrowsmith