FSN's Innovation in Financial Reporting Global Survey 2018 finds collaboration is still relying on decades old technology

15th August 2018

FSN’s Innovation in Financial Reporting Survey 2018 covers responses from than 616 senior finance professionals worldwide. 

In the agile and changeable marketplace today there is a need to break down the silos of functionality because the data that provides insight to one area of the business is just as likely to come from another area altogether. How organisations communicate when challenges arise affects the efficiency and effectiveness of any solution.

Unsurprisingly email remains the most prolific form of communication within a business, and when things go unexpectedly wrong in reporting, 76% of respondents turn to email to try to resolve an issue Although email may on the face of it be a useful form of collaboration, almost 57% of survey respondents found the constant stream of emails an obstacle to collaboration in reporting.  Consequently, the email train is another constant bugbear in business. 45% of senior finance executives find colleagues starting a new email thread about the same topic a major obstacle to collaboration in reporting.


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The research was conducted amongst the 51,000 members of the FSN Modern Finance Forum on Linkedin and represents one of the largest and most authoritative global surveys of its kind.

616 senior finance professionals responded to the survey covering 23 countries and 13 industry sectors.  Approximately half of the respondents were from organisations with more than 1,000 employees and a quater with more than 10,000 employees. 

The research was sponsored by BOARD InternationalCertent, FinancialForce 

 

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