Nearly half (46%) of CFOs rely on “gut feel” and instinct to make business decisions in lieu of fast access to accurate internal data, a practice that can delay decision making, introduce errors and erode profitability, according to a new study from Redshift Research commissioned by Epicor Software.

The research, based on a global survey of more than 1,500 financial decision makers, shows that an inability to access the right financial information is having a direct impact on business performance and CFOs’ reputations.

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