What’s holding companies back?
• Pervasive use of spreadsheets. Despite their shortcomings, over 75% of companies still rely upon spreadsheets for planning and reporting. Traditional BI & BPM alternatives are simply too expensive and complicated for most companies. • Lack of collaboration. Midsized and large companies cite “lack of collaboration” as their biggest planning and reporting challenge. In addition to rolling up numbers, they want to foster more dialogue and communication—but the current approach clearly isn’t working. • Limited adoption of best practices. Many financial managers would like to overhaul their existing approaches and adopt best practices; however, they are not sure where to start. Ideally, they would like a “map” for improving their processes, and would like to know what has been successful for others—but their peers are in similar situations.
