Archive for the ‘Finance management’ Category

Technology seen as key to effective finance management

CFOs and finance directors see technology as a key to their long term effectiveness, yet express frustration as they continue to battle with dated and misaligned IT systems – according to a survey of senior finance executives from KPMG International, the global network of audit, tax and advisory firms.

In the KPMG survey, more than half (52 percent) of U.S. respondents said that the biggest barrier to improving the effectiveness of the finance function was IT systems that are out of date and inflexible. Similarly, when asked what puts finance at risk for failing to reach its objectives, 73 percent of U.S. finance executives pointed to finance technology and systems. Growing organizational complexity was the only “risk” that registered higher among respondents at 78 percent.