#Japan #NTT DATA #Minato-ku, Tokyo #ClimberCloud #Finance Survey

Uncovering the Financial Sector's Unique Challenges

In a recently conducted survey by NTT Data Business Brains, a staggering 87.8% of finance department managers acknowledged that certain tasks in their departments are uniquely dependent on specific individuals. This finding underscores a troubling trend of dependency amidst an ongoing digital transformation, driven largely by the full enforcement of revised electronic bookkeeping laws and the introduction of the invoice system.

The Survey Insights

This survey was distributed among 221 mid-level finance supervisors across various companies in Japan, with a focus on their challenges within the finance departments. One crucial insight from the survey is the persistent conflict between the demands of upper management for speed and cost reduction, and the realities faced by finance teams who prioritize accuracy and team well-being. An overwhelming 86.5% of respondents reported feeling caught in this crossfire, indicating a widespread recognition of this challenge within their operational environment.

The Issue of Task Dependency

The issue of task dependency surfaced explicitly when managers were asked if there are tasks that only specific individuals can perform. An impressive 87.8% acknowledged such dependency, reflecting an alarming reality in the finance sector. Furthermore, 98.5% of those who affirmed the existence of task-specific roles expressed a high level of concern about this situation, suggesting that not only is this dependency prevalent, but it poses significant risks to the organization’s operational continuity.

Burdens of New Regulations and Systems

The survey also delved into the burdens associated with recent regulatory changes and new system implementations. An astonishing 97.7% of the managers reported feeling a significant