This post originated from an RSS feed registered with Java Buzz
by Michael Cote.
Original Post: Better finance KPIs
Feed Title: Cote's Weblog: Coding, Austin, etc.
Feed URL: https://cote.io/feed/
Feed Description: Using Java to get to the ideal state.
When I was corporate strategy, this kind of thing drive me up the wall:
As a result, the finance organization spends an inordinate amount of time simply putting the data together and trying to resolve the inconsistencies so that executives can make apples-to-apples comparisons. We estimate that this task consumes roughly 30 percent of the resources in a typical corporate finance function. But the far more serious cost is the negative impact of poor data quality on senior management time and decision making. As one senior executive told us, “Our leadership team spends so much time trying to make sense of the data and debating whether it is right that we never get around to exploring what it really means for the business!”
Previous Topic
