Driving Performance in the Family Office: 3 New Approaches for the Data Driven Chief Financial Officer
Decision-making processes have relied on fact-based, data-driven management information. In this white paper, it explores how Family Offices are transitioning from a periodic, ad-hoc reporting paradigm to real-time reporting.
An Aberdeen study found that 64% of Family Office business managers have seen their decision-making time shrink over the last year. In another study, Aberdeen found that 28% of those business managers said they needed data to make decisions within an hour of a business event; another 42% needed information within a day. That doesn’t provide much time for finance to supplement the decision-making process with supporting analysis.
In our white paper, CFOs will discover three new approaches to increase efficiency, accuracy and data clarity within their Single or Multi-Family Office.