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.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016