Managing Performance Amid Complexity--A report prepared in collaboration wtih Cognos

Sponsored By CFO Research Services

Topics:

Budgeting & Planning > Business Performance Management

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Abstract:

How well equipped is finance to be an effective source of performance management expertise? More than two-thirds of the 170 finance executives surveyed by CFO Research Services expect their companies to increasingly look to finance to serve as performance management experts. Yet relatively few finance executives believe their companies have optimized their performance management systems and information capabilities. Many companies are still awash in Excel spreadsheets and grappling with a "patchwork" of finance and performance management systems. Finance executives at these companies report that their managers are noticeably less satisfied with the performance management data they have available to them, and that complexity in IT systems undermines the timeliness and utility of the data. As finance executives become performance management leaders, they are looking for systems solutions and resources that will allow them to manage the complexity inherent in their own organizations.

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