For the first time FSN's Future of Financial Reporting research 2017 pinpoints why spreadsheets are spiralling out of control and how this sets up a chain of events that ripples all the way through to the boardroom. The report also sheds light on how the spreadsheet-spiral™ can be broken, using unified transaction and performance management systems in the cloud that can more easily change as an organisation changes. Once these issues are addressed it is feasible to contemplate more effective spreadsheet governance, document management and self-service reporting
The research was conducted amongst the 49,000 members of the FSN Modern Finance Forum on Linkedin globally and represents one of the largest and most authoritative global surveys of its kind.
A series of infographics released from today depicts some of the highlights of the research and will form the foundation of discussion in the FSN Modern Finance Forum in Linkedin during the next few months. The full research will be released at a reception and dinner at the Shangri-La Hotel, at the Shard in London on 10th May 2017.
977 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.