Infographic: How do CFOS make decisions?

Copyright © 2015 Epicor Software Corporation. Epicor, Business Inspired and the Epicor logo are trademarks of Epicor Software Corporation, in the United States and other countries. 44 % of CFOs see mistakes occur as a result of missing or false information 37 % of CFOs said that inaccurate data was the biggest cause of mistakes 60 % of CFOs are still using spreadsheets alongside other systems BIG DATA 33 % 28 % of CFOs say big data is one of the top issues impacting their department in the next 2-3 years 27 % of CFOs say investment in new IT is one of the top issues impacting their department in the next 2-3 years planning & forecasting investment a top issue of CFOs say planning and forecasting is a major challenge for 2015 46 % of CFOs rely on gut feel and instinct to make decisions say their IT systems struggle to give them the information they need of workers... % 22 Manufacturing businesses stand to gain the most by changing how they make these decisions: They’re most likely to have a pressure- motivated leadership style... ...a basic IT infrastructure... ...feel that making decisions without data could be resulting in loss of revenue ...and therefore rely on instinct more than data 32 % of CFOs say their finance systems need updating 23 % of CFOs struggle to extract meaningful insight from data 28 % of CFOs say decision making is hampered by inability to make effective use of information A high-functioning IT infrastructure will help CFOs embrace new technologies, address the challenges of big data and meet growing user and customer expectations in order to stay ahead of the competition. Head or heart? How do CFOs make decisions? New survey from Epicor Software and Redshift Research reveals how CFOs make decisions and how technology supports them in the decision making process. How does your organization compare? CFOs struggle to get accurate data from their IT systems, forcing them to rely on gut feel to make decisions that should be made using hard facts… … risking performance, profitability and growth. CFOs need IT systems that provide accurate data and help them extract insight from that data… … and tools to help them put their intuition to work driving the business forwards instead of filling gaps. If your financial systems aren’t giving you the support you need, we should talk. Interested in learning more? [email protected] www.epicor.com

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Transcript of Infographic: How do CFOS make decisions?

Page 1: Infographic: How do CFOS make decisions?

44%

of CFOs seemistakes occur as a result of missing or false information

37%

of CFOs said that inaccurate data was the biggest cause of mistakes

60%

of CFOs are still using spreadsheets alongside other systems

BIGDATA

33%

28%of CFOs saybig data is one ofthe top issues impacting their department in the next 2-3 years

27%of CFOs say investment in new IT is one of the top issues impacting their department in the next 2-3 years

planning &forecasting

investment

a top issue

of CFOs say planning and forecasting is a major challenge for 2015

46%of CFOs

rely on gut feel and instinct to make decisions

say their IT systems struggle to give them the information they need

of workers...

%22Manufacturing businessesstand to gain the most by changing how they make these decisions:

They’re most likely to have a pressure- motivated leadership style...

...a basic IT infrastructure...

...feel thatmaking decisions without data could be resulting inloss of revenue

...and therefore rely on instinct

more than data32% of CFOs

say their finance systems

need updating

23% of CFOsstruggle to

extractmeaningful insight from data28%

of CFOssay decision making is

hampered by inability to

make effective use of information

A high-functioning IT infrastructure will help CFOs embrace new technologies, address the challenges of big data and meet growing user and customer expectations in order to stay ahead of the competition.

Head or heart? How do CFOs make decisions?New survey from Epicor Software and Redshift Research reveals how CFOs make decisions and how technology supports them in the decision making process. How does your organization compare?

CFOs struggle to get accurate data from their IT systems, forcing them to rely on gut feel to make decisions that should be made using hard facts…

… risking performance, profitability and growth.

CFOs need IT systems that provide accurate data and help them extract insight from that data…

… and tools to help them put their intuition to work driving the business forwards instead of filling gaps.

If your financial systems aren’t giving you the support you need, we should talk.

Interested in learning more?

[email protected] www.epicor.com