The ACCA found that more than 90% of spreadsheets contain serious errors, while more than 90% of spreadsheet users are convinced that their models are error-free. While there is something both humorous and frightening in this statistic, it is also representative of the cognitive dissonance causing stress for accounting professionals today.
This statistic holds even more significance for midsize organizations who have often outgrown the manual processes smaller organizations can handle but lack the resources necessary to invest in technology. A recent global survey of more than 1,500 respondents found that mid-market organizations expressed the greatest dissatisfaction with their F&A processes compared to smaller and larger companies.
Although mid-cap companies experience the greatest growing pains, achievable technology enablers can help F&A teams manage the increasing complexity.
Join this webinar to:
Learn the costs of traditional manual accounting processes
Hear how spreadsheet-based processes increase the risk of inaccurate financial data
Understand why scaling and preparing for the future requires thinking differently about F&A activities
Review a modern accounting approach that helps organizations perform accounting work quickly, accurately, and with more control