CFOs don’t trust finance figures

Link: CFOs play strategists and stewards

Research from performance management software specialist Cartesis found that only 27% of CFOs are very confident in the financial facts and figures presented to them.

Just 17% said they were very confident about the interpretation and analysis of this data. The survey of CFOs in 150 of the world’s largest organisations also found that 5% expressed a total lack of confidence in figures, and 10% in the analysis of the data.

Cartesis said the survey showed several areas needed to be optimised to support business performance management.

Some 67% of respondents cited ‘converting data into meaningful information’ and 59% named ‘speed of data flows’ as priorities to support immediate aims.

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