instinct meets insight: 1 in 2 cfos rely on gut- instinct ... · 1 in 2 cfos rely on gut-instinct...

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© 2015 Epicor Software Corporation Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct when making decisions Results from a global survey conducted by Redshift Research and Epicor Software Corporation June 2015

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Page 1: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

Instinct Meets Insight: 1 in 2 CFOs rely on gut-instinct when making decisions

Results from a global survey conducted by Redshift Research and Epicor Software Corporation

June 2015

Page 2: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

New survey reveals that CFOs struggle to access the right data for decision-making.

Page 3: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

They are bombarded with more data sources, more channels, more numerous and complex business models…

Page 4: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

…more global nature of business, and more reliance on external partners.

Page 5: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

The survey said 46% of CFOs are forced rely on their gut-feel and instinct to make business decisions, instead of hard data.

Page 6: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

37% said that mistakes had been made due to a decision being made based on inaccurate information.

Page 7: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

Nearly 1 in 4 struggle to get the information they need.

Page 8: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

And they don’t have the right tools in place to gain the insight from the data.

Page 9: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

Nearly 1 in 4 struggle to get the information they need.

Page 10: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

32% say that the financial system that they use needs updating.

Page 11: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

And, the majority still rely on Excel spreadsheets to gain access to their data.

Page 12: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

CFOs are trying to combat this by upgrading their IT systems to give them more comprehensive and accurate data.

Page 13: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

A third say that investment in new systems will have a big impact on them soon.

Page 14: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

We believe the solution can be found in a next-generation ERP platform.

Page 15: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

That delivers the right data to financial decision-makers, at the right time, to help them make the right decisions.

Page 16: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

And simplifies collaboration with customers, suppliers, and partners.

Page 17: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

Enabling the CFO to add value to the data by using their experience and instinct to help companies boost profitability and growth.

Page 18: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

Read more in our eBook about the survey and how Epicor ERP can support financial executives who want to focus on profitability and growth.

http://www.epicor.com/global-finance-survey

Page 19: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

Visit www.epicor.se

E-Mail [email protected]

Twitter @EpicorEMEA

Call +46 (0) 8 601 08 00

And then contact us to see how Epicor ERP can help you make better decisions.

Page 20: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

Make better decisions with Epicor ERP and grow faster

Page 21: Instinct Meets Insight: 1 in 2 CFOs rely on gut- instinct ... · 1 in 2 CFOs rely on gut-instinct when making decisions Results from a global survey conducted by Redshift Research

© 2015 Epicor Software Corporation

Thank You