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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Providing insight into technology and innovation in the legal, accountancy property and consultancy sectors. Alternative Insights brings together news, commentary and thought leadership about digital transformation across the entire professional services industry. We collate industry stories on innovation, technology and transformation in the legal, accountancy, management and property consultancy sectors, giving you access to the latest thinking about tech and innovation in the professions.