Is control of your data shifting?
Who owns the tools and technologies your organization uses to enhance, control, and automate your accounting and financial close activities: Finance or IT? Either group could play a role in the purchase decision-making, funding, on-going optimization, routine administration, and data governance in today’s SaaS-dominated environment.
We wanted to explore the current state of data: Integration, responsibilities, and ownership. What brings everything together? Who is investing? How does this relate to record-to-report (R2R) tools, KPI and metrics dashboards, and control reporting? The results showed that IT is playing an ever-growing role in sourcing, interpreting, and delivering data that drives the business.
The bridge between IT and Finance that ensures data relevance and validates insights needs to be strong and well supported—silos are no longer an option. Check out our other findings.