Key Challenges
Today’s finance executives face a constant balancing act. On the one hand, they must comply with increasingly stringent financial reporting regulations, which entails constant information gathering, governance, and disclosure requirements. On the other, they must help guide the enterprise to a profitable future, investing in new opportunities while mitigating risks.
- Delivering real-time financial insights to manage costs and find new sources of revenue.
- Managing risk amidst high variability of demand, global labor and currency rates, and material costs affecting the balance sheet.
- Governing and complying with all regulatory requirements for financial recording and reporting.
- Consolidating and reporting financial results in multiple GAAPs/IFRS, and reconciling differences among the various standards—especially around revenue recognition for software and service sales.