Amid ongoing advances in technology and ever-increasing expectations that CFOs will take the lead in planning for the future of their organizations, C-level executives should believe they can rely on the accuracy of financial data to inform their organizations' decisions.
But recent research reveals a lack of confidence among executives and finance teams in the numbers they are reporting. During this Webcast, we will consider the implications of BlackLine's survey of more than 1,100 C-level executives and finance professionals in midsize and large organizations worldwide.
Among the survey's most significant revelations is the discrepancy between C-level executives and finance professionals who have complete confidence they can identify errors to ensure their financial reporting is accurate. Seventy-one percent of respondents who are C-level executives conveyed their complete trust in their organizations' financial data; for finance professionals, that percentage was 38%. Overall, nearly 70% of respondents believe their organizations have made important decisions based on inaccurate data.
But, as this Webcast will demonstrate, it is the responsibility of finance leaders to ensure their organizations can trust the numbers they report. This is one Webcast you will not want to miss if you aim to learn how CFOs can:
- Identify underlying causes of inaccurate data, such as human error, insufficient automation, and reliance on spreadsheets,
- Establish a compelling business case to introduce automation, as well as streamline financial processes, to mitigate risks of misreporting and having to restate financials, and
- Create and sustain a culture of transparency and reliability in financial reporting.
About the Speakers
Molly Boyle, Senior Manager, Solutions Marketing, BlackLine
Molly Welton Boyle is the Senior Manager of Solutions Marketing at BlackLine, Inc. She is responsible for helping companies understand the value of BlackLine in the financial close and finance transformation space, as well as supporting the go-to-market strategy with relevant content and collateral. She is based in Baltimore, Maryland, and has 13 years of experience in public and corporate accounting. Prior to joining BlackLine, Molly led the corporate accounting group at Under Armour, where she coordinated the global accounting close process and was heavily involved in the design and monitoring of internal controls and accounting processes. She also worked closely with the Under Armour management team to provide accounting insight on critical contracts and strategies. Before joining Under Armour, Molly was a manager in the Assurance practice at EY, where she coordinated and oversaw the financial statement audits of publicly-held clients, primarily in the technology and manufacturing industries. During her time with EY, Molly was also a leader in the implementation of a new firm-wide auditing tool, and taught several audit methodology courses to associate and senior-level colleagues.
Zach Dworkis, Senior Director, Finance Transformation, The Hackett Group
Zach is a Senior Director with The Hackett Group's Finance Transformation practice. He has more than 15 years of experience in finance, technology, and professional services. He is responsible for the development and execution of finance transformation engagements that improve the efficiency and effectiveness of finance functions. He combines broad advisory and program management capabilities with deep functional expertise in management reporting; planning, budgeting, and forecasting; and operational accounting to help companies execute against strategic and statutory objectives. In these capacities, he has worked across the finance function, and he has partnered with information technology, sales, operations, legal, and human resources functions.
Rick Rueth, Principal, Finance Transformation, The Hackett Group
Rick is a Principal with The Hackett Group's Finance Transformation practice. He has more than 27 years of experience helping clients plan for and execute meaningful change. His experience includes leading large multi-disciplinary teams in strategy and business transformations in finance, human resources, and information technology.
About the Moderator
Joe Fleischer, Editorial Director, Finance Channel, Argyle Executive Forum
In his role as finance channel editorial director with Argyle Executive Forum, Joe Fleischer focuses on developing virtual events on topics that reflect the primary concerns and priorities of senior finance executives. He is based in New York.