CFOs lack confidence in performance of their department

Cost of Control global annual survey shows 50% of finance executives lack a high level of confidence in the performance of their department

CFOs lack confidence in their company's and department's performance, according to a study.

The lack of good processes to keep up-to-date information on financial data has led to a fall in confidence in the finance department and company performance according to a report, The Cost of Control, by IT company Basware.

Just 50% of finance executives globally said they had a "high level of confidence" in the peformance of their department with 44% feeling the same way towards the company's performance overall.

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