Financial Digest

Finance leaders plan to invest in 'finance solutions'

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Half of finance leaders never get around to advising on strategic decisions due to the burden of administrative tasks, according to research by MHR International. 98% of respondents said they plan to invest in a finance solution within the next two years.

The survey of 250 finance leaders found that 98% of respondents plan to invest in a finance solution within the next two years.

Over a quarter of finance leaders surveyed consider human error to be the biggest risk within finance, while over 34% consider unsaved spreadsheets and lost documents as the biggest risk. "While many organisations have finance solutions in place, they may not be utilising them for optimum business performance or they may not be the right fit for the business," said Eamon Rheinisch, General Manager of MHR Ireland.

The research shows that organisations that have finance solutions in place have freed up more time to focus on other tasks.

 

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