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. – April 12, 2023 – insightsoftware , a global provider of reporting, analytics, and performance management solutions, today released new research on the state of operationalreporting. Key findings include: Operationalreporting costs 71% of IT departments, on average, 1 day per week, or $23,730 per year in salary costs.
To adapt to continued market uncertainty, businesses need to be agile and resilient in order to ensure continued growth. A recent survey by insightsoftware and Hanover Research reported 63% of IT decision makers find that finance is either very- or over-reliant on the IT department for operationalreporting.
The Impact of Market Uncertainty This year, Finance decision-makers are feeling pressure from both internal and external sources. This year’s survey highlighted a significant drop in teams expecting to grow in 2023 down to 64%, compared to 73% in 2022. In addition to this economic squeeze, skills shortages are still a key challenge.
In 2021, construction spending grew 8% in the United States, and the overall value reached $2 trillion in Q2 2022 alone according to Deloitte’s 2023 Engineering and Construction Industry Outlook. Δ The post Why Construction Businesses Should Track KPIs to Conquer Economic Uncertainty appeared first on insightsoftware.
The 2022 Talent Shortage and the Great Resignation. Continued uncertainty about the future prompting them to retire earlier than they might have otherwise. In 2022, CFOs are challenged to do more with less and manage a workforce with rapidly changing needs. Here’s a look at some of the top challenges faced by CFOs this year: 1.
This year, companies worldwide find themselves navigating constant market uncertainty, needing to accomplish more with less resources, and preparing for a potential recession. Challenge 1: Budgetary restraints Due to market uncertainty, businesses are treating their budgets with more scrutiny. Ready to eliminate Finance challenges?
Here, we discuss how factors like market uncertainty and IT dependence impact finance teams throughout EMEA. The State of Finance in EMEA Finance teams worldwide have been deeply impacted by market uncertainty. In a market defined by uncertainty, automation helps to bridge efficiency gaps. EMEA mirrors the global results at 66%.
According to insightsoftware and Hanover Research’s 2023 Finance Team Trends Report , the rate at which organizations expect to grow is down to 64%, compared to 73% in 2022. Market uncertainty is another important factor explaining this decline.
Sustaining growth amidst economic uncertainty demands immediate, clear insights from your SAP data to inform strategic decision-making. The aftershocks of pandemic disruption continue to put pressure on supply chains, increasing the need for robust oversight to maintain operational stability and customer satisfaction.
In the early months of 2022, container ships stayed at ports in the United States for an average of seven days, a rate that has increased by 21% since the beginning of 2020. Supply chain uncertainty isn’t going anywhere. In the current market environment, products can become scarce and the chain itself can grow unstable at any time.
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