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Date Posted
28/10/21 15:54
Reading Time
1 minute read
Posted By
Formulate - A Kainos company

How finance can build a data foundation to fuel frictionless finance

The past year has highlighted the importance of timely, decision-ready data for enterprises to accelerate growth, transform ways of working, and future-proof operations - and CFOs have recognised the need to prioritise internal investments accordingly.

Workday surveyed 267 CFOs globally at medium and large enterprises.

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CFOs agree that data and financial close are top priorities for the future.

Data is the key digital transformation priority over the next three years. Curating the right data - and turning it into actionable insights that are well organised, easily understood, and shared with the right stakeholders - remains essential for digital acceleration.

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Getting data in order

As enterprises shift from legacy systems to the cloud, the survey clarifies that data stands out as a central element in making frictionless finance a reality. Among CFOs, 28% say data analysis and reporting need the most significant amount of investment.

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Bridging the gaps in finance

Without the right intelligent data platform in place, the finance function can rely on siloed data that fails to provide a holistic view of the organisation.

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Download the CFO Indicator Report 2021

 

 

Topics: workday adaptive planning