FinanceJune 19, 2026

The cost of doing nothing: The hidden cost of legacy finance processes

Key Takeaways

  • Legacy finance processes create hidden costs and operational risks
  • Maintaining the status quo limits agility and strategic value
  • Delaying transformation puts competitiveness and talent at risk

APAC Video Series with EY Singapore and CCH Tagetik

Many finance teams across APAC continue to rely on legacy systems, fragmented processes, and Excel-driven workarounds to manage reporting and planning. While these approaches may appear to keep operations running, the true cost of standing still is often hidden.

Legacy finance environments can create significant operational inefficiencies, increase governance and compliance risks, slow decision-making, and make it difficult for finance teams to deliver the strategic insights the business now expects.

In the first video of our Cost of Doing Nothing series, finance transformation leaders from EY Singapore and CCH Tagetik discuss why maintaining the status quo can become one of the biggest barriers to finance transformation and long-term competitiveness.

In this video, you'll learn:

  • Why Excel dependency and fragmented systems are warning signs that finance transformation is overdue
  • The hidden costs of manual workarounds, disconnected data, and legacy processes
  • How legacy environments increase governance, security, and compliance risks
  • Why outdated systems limit agility, business partnering, and strategic decision-making
  • The impact of legacy technologies on talent attraction and retention
  • Why organisations that delay transformation risk falling behind competitors that have embraced modern finance platforms

As economic volatility, regulatory change, and growing business demands continue to reshape the finance function, organisations can no longer afford to spend their time simply keeping the lights on. Modern finance leaders need integrated, trusted data and agile processes that enable faster insights and more informed decisions.

Watch the first video in our Cost of Doing Nothing series to understand the hidden risks of legacy finance processes - and why delaying transformation may cost more than you think.

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