August 3, 2015 M. Weber

Financial Month End and Data – conclusions of 06/15 – 07/15 web-poll

Tanks again to everyone attended the survey. Please find the summary below.
As a result of the 05/15 poll this questionnaire was mainly about the “data related effort” in the financial month end process.

Financial Month End and Data – conclusions of 06/15 – 07/15 web-poll

1.    Related to their month end closing a significant number* of the attendees struggle with a huge number of different data sources.
2.    No matter if few or many data sources it takes about 30% of the effort to get the data on board. In addition, the reconciliation work of the numbers
checked-in is material and takes between 10% and 40%.
3.    Corporate reporting is often a burden and can’t be adopted immediately according to the survey.

* “many” and “few” is related to the perception of the attendees, the real numbers of different sources weren’t a scope of this survey.