Over 750 global senior finance professionals across 23 different industries responded to the survey and the results offer some great insights into the where modern finance organizations are headed and challenges that are facing them today.
The report highlights what demanding and challenging conditions you, as a finance professional, are facing today. However, there is one particular area of finance that stands out and where BlackLine agrees wholeheartedly with the research findings. Standardization and automation of core financial processes is essential in today’s extremely competitive and tightly governed markets.
CFO’s must trust the data being provided and finance cannot manage the close processes relying on disparate legacy systems, excel and gut feeling. It’s time for ‘Continuous Accounting’ to pave the way and enable innovation. CFO’s understand the commercial needs of their business partners and to deliver value and insight they need to have real-time access to key financial data to support strategic decision making.
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