The document presents insights from a survey of 157 finance and accounting executives regarding the maturity and preparedness of different functions within finance and accounting. It highlights that many organizations face significant challenges in areas like Master Data Management (MDM) and emphasizes the importance of improving maturity to enhance compliance, cost reduction, customer satisfaction, growth, and scalability. Key findings indicate that MDM has lower maturity and preparedness levels compared to other functions.

1. PROCESS • ANALYTICS • TECHNOLOGY 1© 2014 Copyright Genpact. All Rights Reserved.
FINANCE AND ACCOUNTING ► OVERALL ABILITY TO IMPACT
Very mature or mature
Somewhat mature or immature
Fully prepared or prepared
Somewhat prepared or not prepared
Maturityof
process
Preparedto
mature
56 48 48 42 42
58 21 43 6458Overall F&A
23 43 37 18 17O2C
50 32 18 22 35R2R
25 53 27 9 22P2P
34 53 20 62 64FP&A
38 40 4949 27
MDM
Ensure
compliance
toregulations
Reducecosts
Increasecustomer
satisfaction
Increasegrowth
andscalability
Managerisk
MDM is important and has comparatively lower maturity and
preparedness to evolve
n=157 finance and accounting executives from a survey conducted by LinkedIn commissioned by Genpact
Magnitude of
challenge1
% of respondents assessing
maturity and preparedness
1 % of respondents stating it is one of the top 3 challenges in their company
%ofrespondentsstatingfunction
canhavematerialimpacton
addressingchallenge
DIRECTIONAL