Why Finance & Accounting Organizations Aren’t as Future-Ready as They Think

There’s a stark disconnect between the promise of a cloud-connected, AI-driven future of Finance and the day-to-day reality of most accounting professionals.

Are F&A leaders ready for the future? Do organizations really have the right tech, the right people, and the right processes required to support the future requirements of the business?

If the industry as a whole is confident in its ability to grow and change along with rapidly shifting business requirements, why are we still scrambling to complete the month-end close?

To help answer some of these questions, Capstone Insights commissioned a global survey of over 1,500 F&A professionals to explore how organizations use software to enable their accounting and finance requirements.

Their findings shed light on disparities between perception and reality among F&A teams and leadership when it comes to their understanding of current system capabilities and the level of effort involved in financial close processes.

We’ve illustrated some of the key results.