CFOs wear many hats – they’re finance leaders, operational leaders, and data-driven strategic thinkers who guide their organizations through an ever-changing business environment.
With so few hours in a day and so many things on their minds, it’s not surprising that CFOs have trouble sleeping. But what exactly keeps them up at night? A recent survey uncovered the most common issues.
A Lack of Resources
While CFOs want to focus on strategic planning and the bigger picture, they spend much of their time handling daily responsibilities like routine accounting tasks and risk prevention. A lack of IT system support is another common challenge. These obstacles can hinder growth and negatively affect the bottom line.
Businesses must remain flexible and adaptable. Data management is undergoing a significant transformation – including data sources, how and where information is stored, and how it’s processed and analyzed. Now more than ever, it’s vital to have a clear picture of financial performance to make fast, confident decisions.
Growing businesses can’t thrive with small business accounting applications and spreadsheets. They must invest in modern, cloud-based technology that saves time and provides an unparalleled depth of financial capabilities. With the right solution, CFOs can transform their organizations and drive profitable growth.
To see the survey results, including how much high-performing organizations plan to spend on technology like Sage Intacct over the next 12 months, download the infographic below.