This report explores the impact of automation and data consolidation on future finance teams, based on a global survey of over 1,700 CFOs. Key findings include a trend toward consolidating software providers to enhance decision-making speed and accuracy, and address the challenge of managing numerous systems. Nearly 63% of finance teams use over 10 systems for financial insights, often leading to data discrepancies and significant reconciliation time. To combat inefficiencies, 55% of finance leaders plan to reduce their software count within two years, aiming to centralize data and improve operational efficiency. Moreover, finance operations will increasingly adopt automation, reducing manual tasks and focusing more on strategic initiatives.

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