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Traps Lurking For Finance Teams

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Businesses today are increasingly complex and competitive and demand more in-depth analytics from their finance teams to make quick and thoughtful decisions. Key difficulties in this new role for …

Businesses today are increasingly complex and competitive and demand more in-depth analytics from their finance teams to make quick and thoughtful decisions. Key difficulties in this new role for Finance are achieving real-time visibility across the organization.

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  • 1. TOP 3 CONCERNS FACING FINANCE Accurate Projections Real-time Visibility Accurate Forecasting Measuring Success/Failure ORGANIZATIONAL CHALLENGES LURKING TRAPS FOR FINANCE TEAMS HOW IS INTEGRATION ACHIEVED? PROBLEMS WITH SPREADSHEETS Spreadsheets Directly Integrated Applications Middle-ware Applications Stream lining Process Real-tim e Visibility M anagem ent Reporting Cycle #1 #2 #3 CHALLENGE TO VISIBILITY 69% 54% 31% 27% Outdated Systems 43% Rapid Growth 48% Disconnected Systems 56% Lack of Integration Businesses today are increasingly complex and competitive and demand more in-depth analytics from their finance teams to make quick and thoughtful decisions. Key difficulties in this new role for Finance are achieving real-time visibility across the organization. Time Consuming Multiple Versions Timeliness ofReports Error Prone 79 % 45 % 26 % 48 % DONT PANIC! Here’s an idea – skillfully avoid these traps by checking out the robust on-demand solutions by Xactly. Automated compensation tools could save you from catastrophe. SOURCES Rising to the Challenge: Achieving Real-time Visibility across the Organization The Association of Accounting and Financial Professionals in Business www.imanet.org *88% of spreadsheets have errors Research: Bad math rampant in family budgets and Harvard studies MarketWatch www.marketwatch.com lnkd.in/xactly XactlyCorp Xactly @XactlyCorp XactlyCorp 67 People are injured by falling stacks of spreadsheets annually FAKE FACT: 88% Of spreadsheets contain errors* REAL FACT: www.xactlycorp.com