Almost one in three Irish companies has reported a lack of funds to invest in personnel as a key barrier to managing their financial activities, according to a new report., and chartered accountants ANZ. It is based on responses from more than 2,300 global finance leaders, including 85 in Ireland.
Furthermore, just 13 per cent said the concept of “value and purpose-focused accounting” significantly influences the strategy of the finance function, far behind global peers . Other key barriers to enhancing the role of the finance function included a lack of understanding of the areas where the finance function can add business value , as well as poor quality data not supporting decision making .
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