The world is changing fast, and the role of the CFO is changing with it. In unpredictable times, finance functions must be ready to move rapidly and operate in new situations. Real-time financial insights and intelligent forecasting capabilities are never more critical than when organizations find themselves under unexpected stress and forced to adapt to fast-changing circumstances.
As the CFO’s role evolves and expands in response to this accelerated pace of change, speed, agility, and accurate insights are becoming key differentiators. However, the fragmented nature of many of today’s finance systems, especially in large global organizations, are holding CFOs back.
When complex webs of legacy ERP systems are mapped to other systems, and supported by duplicative, inconsistent, or highly manual processes, CFOs typically must rely on a consolidation system for their reporting and financial management needs. That leaves them a long way from getting what they really want—a single real-time version of the financial truth across the whole organization.