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Lack of Time for Analysis, Adoption of New Technology and Data Limitations are Top Challenges Facing Finance Teams, According to insightsoftware Survey
Less than half (46%) of financial executives say they are able to fully execute their responsibilities with manual, time-consuming processes listed by 49% of respondents as the primary obstacle
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RALEIGH, N.C., May 11, 2021 /PRNewswire/ In the early days of the pandemic, cash flow management took center stage for many businesses and risk management continues to be a priority this year as business leaders depend more than ever on finance teams for decision-making support. However, a new study from insightsoftware and Hanover Research shows that finance teams are being slowed down by manual, time-consuming processes and limited access to data even as a majority (52%) of finance team members spend 25% of each week producing financial statements.