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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Traps Lurking For Finance Teams Infographic Transcript

  • 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lining Process Real-tim e Visibility M anagem ent Reporting Cycle #1 #2 #3 CHALLENGE TO VISIBILITY 69% 54% 31% 27% Outdated Systems 43% Rapid Growth 48% Disconnected Systems 56% Lack of Integration Businesses today are increasingly complex and competitive and demand more in-depth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