This FP&A Factor will Cost US Businesses $7,800,000,000 in 2022
The Finance Weekly
FEBRUARY 23, 2022
Billions of dollars is a lot to lose, especially in regards to a largely avoidable mistake. A study by the University of Baltimore and Excel-based FP&A company, , DataRails , lays out the full economic costs of businesses sticking with manually prepared financial reports. Breaking down the Math. $6.1 billion is the first number that came out of the research and this represents the total amount of money lost by manual financial work.
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