9 in 10 CFOs feel financial decisions being made without sufficient data or insight [Video]

Nine in 10 (90%) chief financial officers and finance leaders in Ireland feel that decisions about their organisation’s financial strategy are being made without sufficient data or insight, according to the CFO Mindset Report from cloud accounting software provider Accounts IQ.

The survey of 260 CFOs in Ireland and the UK found that the top threats to financial stability in Ireland are technology and software disruptions (42%), market competition (38%), and economic downturn (38%).

However, concerns about financial decline are markedly lower than in the UK (48%), where it ranked as the most pressing matter of contention. 

Internally, a third (34%) of respondents in Ireland and the UK identified technological limitations as the biggest threat to their organisation’s financial stability.

In Ireland, other prominent issues include a lack of skilled talent (34%), being behind on targets (34%), reporting accuracy (30%), and the time spent on manual data input (30%), but internal and external …