A recent survey commissioned by BlackLine, a developer of cloud-based solutions designed to automate and control the entire financial close process, found that only 38% of the finance professionals questioned trust the accuracy of their company’s financial figures. Additionally, 26% said they had concerns about errors they knew existed, buy had no visibility into the flow of data to assuage their worries, and 69% said their organisations had made significant business decisions based on inaccurate financial data. Molly Boyle, a Finance Transformation Expert at BlackLine, says a digital transformation built on error-prone processes, difficult to access data, and unvalidated financial information runs a high risk of failure.

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