Data quality inhibits effective finance function decision-making

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Fifty-three per cent of finance function leaders see poor data quality as a problem in their organisation that can affect decision making, according to Deloitte, the business advisory firm.

Deloitte report “Delivering insightful management reporting: Challenges and opportunities for CFOs” shows this figure increases to 80 per cent in organisations where executive sponsorship is not available.

Simon Barnes, UK performance management solutions leader at Deloitte, explains: “High quality data and technology form the foundations of insightful management reporting. If data is poor or inadequate technology is being used, then it can be difficult for CFOs, financial controllers and other finance leaders to present meaningful management reports.”

Deloitte press release here

 

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