SimpleFi Trend Report
Key Takeaways
⇨ Satisfaction with FP&A technology is low, with only 10% of respondents being net promoters of their current FP&A systems.
⇨ Manual processes are the biggest challenge for 62% of respondents, highlighting significant inefficiencies in the FP&A tech stack.
⇨ Despite the availability of advanced forecasting tools, 80% of survey respondents still rely on Excel for financial forecasting.
Are you curious how inflation has impacted companies in the past few years? Do you still do all your planning in excel? You’d be shocked to know that 80% still do. Read this study that Canam conducted with SimpleFi Solutions and SAP to see some surprising, eye-opening data that may encourage you to think twice. The Trend Report survey is available here.
Rate the importance of the following skills when considering applicants for your finance team. Rate 1 to 4, with 1 being the most important.
Finance organizations are placing a lot of importance on the core skills of finance when they consider a new hire for the organization. Technology skills came in third in the results of this trend study stack ranking; perhaps surprising considering the technology challenges shared in the survey?
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