Marketwire Coverage -Challenges of Corporate Financial Reporting
Research From Oracle and Accenture Finds Inefficient Financial Reporting Leads to Loss of Confidence, High Costs and Hinders Decision Making
In the report 'Challenges of Corporate Financial Reporting' Professor Andy Neely, Director at the Cambridge Service Alliance, commented:
"Modern business success is founded on good quality data and the ability to analyse it in a meaningful way. Without these two factors, it is very difficult to formulate the right insight to help your company grow. The research shows that finance departments in many organisations are currently falling short of both these fundamentals and need to look now at how they can improve the way they collect, sort and interrogate financial data if they are to overcome the challenges they are currently facing."