Companies must improve the speed of reporting if they are to gain competitive advantage and deal with compliance pressures, warns Cartesis, the business performance specialist.
Almost a third of FTSE 350 directors surveyed are taking between 11 to 25 days to report figures to stakeholders, whereas 43% of respondents are taking between six to 10 days (two working weeks) to report.
The results also found that the majority of those respondents who are efficient and reporting in just one to five days (17%), are using an integrated business performance management system, rather than just spreadsheets or a mixture of applications to support the reporting process.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
