If you had a magic wand - what's the #1 daily FINANCE challenge you'd eliminate?

2.1k viewscircle icon3 Comments
Sort by:
Founder & CEO in Finance (non-banking)2 years ago

Make every effort for Finance to become a profit center by creating incremental value across the organization to cover its annual budget,

Lightbulb on1
COO in Finance (non-banking)2 years ago

It would have to be data governance and data management. Although they sound like two separate concepts, they're actually one and the same. The reason why I selected data governance and data management is because many times within companies there isn't clear consistency and accuracy with data reporting. You'll notice that a lot of companies are challenged with trying to keep data lineage very clean and consistent. In order to get that, you need to think about how you’ll organize the data in a way that everybody in different departments can use it. One of the best ways to structure your approach is to set up a data governance framework. For example, if you're trying to create a master data tracker for all of the third-party vendors and suppliers that you have, there are a couple of key data points you want to make sure those vendors have. You need to know if they have a trade name for the business that they're known by, a primary remittance address, and an active purchase order agreement or not.

Lightbulb on1
Finance Analyst in Finance (non-banking)2 years ago

Incorrect data on prospects.

Lightbulb on1

Content you might like

Yes21%

No, but we have slowed hiring for non-essential roles.47%

No, we are hiring at a normal rate.29%

Other (tell us in the comments)2%

View Results

More readily available28%

Harder to access48%

Same as before22%

Become less reliable

View Results