PracticePeople In PracticeFinance directors turning to Web for business information

Finance directors turning to Web for business information

Over half of finance directors of small and medium sized companies say they rely on the Internet to access up-to-date business information, according to a survey by Accountancy Age.

The findings – based on a survey of 249 finance directors questioned for this week’ s Accountancy Age Big Question, conducted by Reed Accountancy Personnel – suggest an increasing number of companies are looking to the Web to gain vital business information.FDs said the advantages of looking on the Internet for information included its ability to provide breaking news and act a vital tool in information gathering exercises.’The other sources are paper based or TV teletext. The paper based are approximately 24 hours old by the time I can access them from a newspaper. We have no TV to look at teletext so the best way to get business information – such as prices is through the Net,’ said Paresh Samat, finance director of SBJ Employment and Safety Services.Most FDs only expect the Web to become more useful in the future.’We didn’t use it, we do now and we will use it more in the future,’ said Kevin Tomlinson, financial director at plastics manufacturer Signam.But some 21% of FD said they definitely did not use the Internet for access to information.’I do not rely on the Internet, it is only one source of information,’ said one FD who asked to remain anonymous.

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