Some finance leaders would instantly have the data they need to begin mapping out specific actions with surgical precision. However, many would face a manual, time-consuming effort to juggle data across several disparate systems and rally multiple stakeholders to even begin to determine what spend commitments have been made and costs would need to be cut. This puts them at risk of making cuts that undermine revenue.

Although most CFOs report that they can access some of their spend data instantly:

• say they lack full visibility into spend data across the company
• say their processes are still manual or hands-on
• need to log into multiple systems to access siloed data