Finance Leaders Have Trust Issues With Their Data
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February 9, 2024 A recent survey by BlackLine reveals that nearly 40% of CFOs and half of senior finance professionals across seven global markets lack complete trust in their own financial data. The survey identifies manual processes, reliance on multiple data sources, and outdated methods as the main culprits behind these trust issues, leading to inaccuracies and undermining decision-making. These issues are particularly significant when navigating unpredictable events like financial crises and cybersecurity threats. To combat these challenges, finance leaders are turning to new technologies such as AI and cloud computing to improve business resiliency. The survey suggests that the same focus on data lineage that benefits regulators can also enhance internal trust in financial and sustainability data. To find out more details please visit : https://www.xbrl.org/ |