Finance Under Pressure

By on March 28, 2019 at 4:32pm

FINANCE UNDER PRESSURE

CFOs reported the greatest pressure points impacting their accounting and finance organizations

35% Meeting regulatory compliance mandates
35% Keeping pace with changing technology
18% Finding and keeping skilled staff
12% Harnessing/managing big data
2% Other

Responses do not total 100 percent due to rounding.

Pressures spur companies to evaluate existing processes and seek new solutions to improve performance and productivity

Increasing Burden/Costs

PRESSURES

Regulatory compliance

Keeping pace with technology

IMPACT

Drive transformation initiatives

SOLUTIONS

AI, automation, cloud, ERP, big data

RESOURCES

Specialized knowledge and skills

Greater Efficiency/Agility

How companies are helping staff keep pace with changing technology

Offering training and professional development opportunities: 55%
Providing continuing education reimbursement: 41%
Bringing in external consultants for support: 41%
Assigning technology-related projects to expand skills: 40%
Fostering greater collaboration with IT colleagues: 40%

Multiple responses were allowed.

Source: Robert Half Management Resources survey of more than 1,100 CFOs at companies in the United States

© 2019 Robert Half Management Resources. An Equal Opportunity Employer M/F/Disability/Veterans.

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