Modern-finance-v08

FINANCE
Proliferating non-integrated systems are generating more disparate
data. New technologies, including mobile devices and Internet of Things 
objects, are generating data that eventually impacts finance.
01
Data imports and integrations are increasing. With new data types and 
volumes both increasing, more external imports and new integrations are 
crafted through APIs, business services, and other vehicles.
02
System maintenance costs are increasing and they are harder to keep 
current. The hardware, software licenses and talent, is getting more 
expensive every year with few if any noticeable enhancements.
03
Spreadsheets are proliferating. With increases in data, legacy system 
issues, and growing reporting demands, spreadsheets gain additional 
prominence to complete finance analysis and analytics.
05
Reporting is getting harder and more real-time reports are
requested. Despite all the issues, more reports—in real-time,
nonetheless—are requested.
04
Rapid and global company growth into new markets and new geographies. 
Simultaneously, the business decides to enter new venues and naturally 
expects finance to be ready, no questions asked.
06
New and changing local and international compliance requirements. As 
more financial transactions span the globe, more entities are promulgating 
newer and tougher oversight and disclosure.
07
It is time for an IPO (or other major business model evolution). Finance is 
asked to support rapidly evolving business model plans like going public in 
an IPO.
08
Close processes are longer and more complex, while desire grows for 
continuous closes. It is today’s ultimate financial dilemma. Traditional
close processes are getting more difficult, but management wants it to be 
done faster.