HP recently hosted the second annual HP CFO Forum with Finance executives from a variety of industries and from across the Americas. When asked about the top challenges their firms are facing, respondents appeared to be split amongst three key issues – transforming the business, positioning the company for growth, and improving profitability.
With many companies faced with outdated and inflexible systems, a concern we often hear is the ability to quickly access and utilize their enterprise’s data to make timely and better informed, data-driven decisions. The explosion of structured and unstructured data available has created more challenges and opportunities for firms. When asked about the challenges related to better utilizing their enterprise’s data, the attendees responded as follows:
To deal with the variety of challenges in the current environment, we see firms looking to new solutions to address these challenges and improve their competitiveness. Based on the HP CFO Forum attendee’s responses, they concur that new ideas and innovations are needed to address enterprises finance challenges.
Thinking about your firm, how would you respond to these questions? Visit us on facebook to take the survey.