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 Financial, Accounting & Reporting Systems
January 2004 - Summary
As IT budgets begin to loosen, and as more financial
regulations come onstream, so attention is turning to the
greater use of financial, accounting & reporting software
in delivering decision-making information as well as the raw
‘numbers’.
It is clear from our own market research
that finance staff are under increasing pressure to stop being
number crunchers and start offering financial information
that can be accessed by both internal decision makers and
external regulators.
XKO’s Bulent Osman picks up this theme as he shows how
companies can extract reporting information from their notoriously
unresponsive core ERP systems.
MML authors Tony Cowderoy and Malcolm Hunt mine a similar
vein in suggesting that managers can
transform their historical financial data into predictive
modelling systems.
But Deloitte Consulting’s Marcus Boyle and Peter Moller question
whether in responding to this pressure to ‘add value’ to the
business, financial professionals are
in danger of losing their independence and integrity.
Consultants' Advisory 2004
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