For a CFO, confidence in the accuracy of the business is vital to his or her strategic direction. When a CFO lacks clarity, decisions throughout the whole company can be stalled, or worse, made with inconsistent, irregular (poor) data.
If you are exporting data out of your systems in order to manipulate and understand what the numbers mean, it is inevitable that errors will occur. Even the very best managerial tactics, processes and intentions will still lead to mistakes. This is simply what it means to be human.
But unfortunately, there is a price to be paid for second-guessing results, reducing productivity, and making slower decisions. Just how much, though?
CFO.com interviews Stu Lucko, CFO on the Hubble team, to quantify just how much it costs organizations when they do not have confidence in the business performance data they are using. To find out more, read the full article here.