become a finance department all-star
TRANSCRIPT
PICTUREYOURSELFHERE
SPREADSHEETS:Spreadsheets are so overused in the office of finance that they serve as a substitute for a multitude of technology applications.applications.
Just like in baseball, all-stars in the office of finance have skill, persistence, and a proven ability to win. But even the most talented players can benefit from superior equipment. Today your team is overwhelmed with data. The owners are pressuring you. Your managers are stressed out. You need wins. Do you have what it takes to mold your players into an all-star team? Here's what our survey data tells us about teams like yours.
THE OFFICE OF FINANCESpreadsheets are heavily relied upon to manage a multitude of financial tasks including budgeting and budgeting and reporting
5% of finance departments use spreadsheets to manage budgeting only
28% use spreadsheets to manage budgeting and TWO other plan-ning tasks
29% use spreadsheets to manage budgeting and THREE otherplanning tasks
39% are using spreadsheets to manage at least four financial planning exercises
27%use spreadsheets to manage at least two of
budgeting, forecasting, reporting or consolidation13%
of finance professionals are using spreadsheets to manage at least one of
budgeting, forecasting,reporting or consolidation
28%use spreadsheets to manage at least three of budgeting, forecasting, reporting or consolidation
1 in 3 businesses are using spreadsheetsinstead of purpose-built software to manage all of their financial planning
requirements
Responding to ad-hoc requests
Building and managing spreadsheets
Collecting andvalidating data
Preparingfinancial reports
With more and more finance profession-als relying on spreadsheets, finance lead-ers see the following problems growing in tandem:
Effectivelyrespondingto ad hocrequests
remains thenumber 1
challenge forchallenge forfinancial
departments!
What areas of your finance department’s day-to-day responsibilities would beimproved with better technology?
Analyzingfinancialdata
Preparingfinancialreports
Accessingfinancialdata
Consolidatingfinancialdata
Today’s business leaders believe technology can:
38% Drive performance optimizationthrough advanced analysis
28% Streamline and provide control andauditability to processes
23% Increase transparency and decisionsupport
10% Improve financial stewardship andcompliance
You can build your ownfinancial all-star team
Find out how and tell your players, your coaches, manage-ment, and owners. Visit www.prophix.com today to learn more.