Ventana Research shines a light on the need for change in today’s finance organizations backed by results from their recent benchmark report. The office of finance must now play a strategic role in the management of the modern organization – focusing less on “bean counting” and more on providing insightful analytics and communicating actionable data analyses that enable better decisions.
According to Ventana’s research, while the use of analytics is improving, overreliance on spreadsheets and hesitance to embrace new technology are slowing cloud adoption – in fact, over 60% prefer to keep analytics functions on premises. This lag could be costing organizations – both in terms of accurate insights and invaluable time that could be better spent on more strategic work.
In this report, you will learn:
• How finance departments are better leveraging analytics today
• Areas for improvement that will drive true digital transformation
• 10 best practice recommendations based on research findings