Only 13% of organizations identify performance issues before they hit financials. Timely response to performance issues is critical, but most organizations are falling behind. Slow remediation can result in $5 million per issue in annual financial impact.
It is possible to shorten the end-to-end process from issue identification to issue resolution. The best companies focus on compressing business buy-in rather than anticipating issues earlier. They do this by:
- Eliminating the back and forth between Finance and the business in validating materiality of performance issues
- Removing resource constraints that limit the business’ ability to respond to performance
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