Modern Finance: Too Fast, Too Furious

Modern business requires speed and agility. The finance function is no exception.

Top frustrations of the financial close process

Data integrity/data quality

Keeping up with technology updates

Meeting or staying current with compliance and security requirements

Losing productivity due to time-consuming manual processes

Inability to forecast accurately

Aggregating data from multiple systems/sources

Providing employees with remote/anytime/anywhere access to data

Finance teams are under pressure to modernize, but they’re often not equipped with the right tools for the job.

report leadership makes requests for real-time information outside of normal reporting periods.

say the time they spend on accounting, compliance, and financial close tasks inhibit their ability to work on strategic initiatives.

of accounting tasks, on average, take place in spreadsheets and other non-financial/accounting applications.

47%
Improving the accuracy
of data for real-time
decision making

45%
Improving efficiency/
reducing costs

45%
Improving financial
reporting capabilities

41%
Improving data availability
(e.g., 24×7 access)

38%
Improving collaboration

38%
Unifying systems and data

A modern, cloud-native financial management platform can help you deliver on these priorities. Here’s what to look for:

A cloud-native foundation that provides scalability, faster deployment, and robust integrations with other software.

State-of-the-art security and compliance.

Real-time insights and the ability to share data for better decision-making.

Simplified reporting to improve productivity and worker satisfaction.

A partner ecosystem that works seamlessly with the platform.

Data source: Foundry Market Pulse Survey, commissioned by Sage Intacct, March-April 2022