Data is the life blood of the modern enterprise, yet many organizations lack a strong plan for gathering and analyzing the information needed to effectively run their businesses and quickly capitalize on opportunities. In many companies, critical nance data resides in spreadsheets, the general ledger, or ERP systems, among other repositories across the organization. There is no centralized home for the data needed to support decision-making and generate accurate forecasts.
A company that cannot handle basic accounting functions does not inspire confidence. For a publicly traded company, financial misstatement can be a staggering blow its reputation, not to mention the risk of stiff penalties.
This eBook will explore:
- How CFOs and senior finance professionals can partner with IT and business unit leaders to create a more data-centric culture and raise their profile as performance leaders;
- The benefits of a data substantiation hub, which fills in the gaps of current data management processes and brings together all of the financial data required for accurate reporting and real-time analysis; and
- The future of finance and accounting, with real-time results and analytics for a data-driven business climate.