Ventana: Change in the Office of Finance
Do you know how your Office of Finance compares to others?
A recent report from Ventana Research looks at change in the Office of Finance and provides benchmarks against which senior finance executives can compare their departments against their peers.
Ventana shares plenty of interesting benchmark data in this report, including:
- 76% of finance leaders surveyed cite analytics as critical for improving their performance
- 32% said they use analytics to improve performance, compared to 14% in 2014
- 46% of senior executives report full availability of finance analytics
- 72% report reviewing their close process either monthly or quarterly
- 66% report their budgets remain relevant through the period