The reporting process for most companies remains largely manual, hugely time-consuming and error-prone. Automated collaborative reporting yields many significant and immediate benefits, including increased productivity, better accuracy and compressed reporting cycles.
Many magazine articles proclaim that the CFO has expanded to a role of a strategic advisor. But does the evidence support this assertion? Many companies retain managerial accounting practices that are arcane, flawed, misleading, and incomplete. Commonly accepted explanations of why some CFOs are not progressive hide the root cause reason which is more behavioral than technical.