2021 Finance Trends Survey
CFOs and finance leaders continue to juggle mounting demands in the emerging post-pandemic environment
The results of the 2021 Finance Trends Survey reveal an unambiguous conclusion: The world, businesses and corporate finance teams have entered a new era, and there is no going back. CFOs and VPs of finance are being looked to for additional actions and data that, until recently, were considered outside their purview.
In our survey, data security and privacy, enhanced data analytics, and meeting the changing demands and expectations of internal customers have topped the strategic priority lists of CFOs and finance leaders in recent years. The jarring disruptions of 2020 not only cemented the status of those “beyond-finance” priorities, but also added numerous others.
Security, Data, Analytics, Automation, Flexible Work Models and ESG Define Finance Priorities
The global pandemic accelerated digitalisation, remote work and other preexisting business trends. It also equipped CFOs with brutally honest judgments about their finance transformation progress. This clarity provides finance leaders with a rare opportunity: a game plan for rapid improvements that should be implemented immediately. On that point, the takeaways from Protiviti's latest Global Finance Trends Survey are clear: The world, businesses and corporate finance teams have entered a new era, and there is no going back.
Australia Workforce Transformation and Labour Flexibility Summary
The way that current finance and accounting functions manage their employees – and how people at the organisations prefer to work – is undergoing a generational transformation amid the widespread deployment of more nimble labour models. The responses of Australian finance functions that participated in the survey largely mirrored the global findings. Sixty-three percent reported an increase in their hierarchy structure, for example, which is 12 percentage points higher than the change globally. Download our Australia Workforce Transformation and Labour Flexibility Summary to read more.
Podcasts and Resources
Managing Director Chris Wright, Global Leader for Protiviti’s Business Performance Improvement practice, comments on the overall priorities and challenges for today’s CFOs and finance leaders.
Senior Managing Director Bob Hirth comments on the rapid growth of ESG reporting as a critical priority for CFOs and finance organisations.
Managing Director Jay Thompson comments on the need for a flexible labour model in finance.
Managing Director Ken Thomas discusses finance transformation trends and some of the recent and long-term hurdles to progress.
Director Varun Dewan comments on the top priorities as we emerge from the pandemic, ESG and workforce.
Managing Director Kerry Buchar discusses how organisations are managing their talent pools.
Five Questions Boards Should Ask Their CFOs
Five New Responsibilities for the Beyond-Finance CFO
Elevating ESG and Human Capital Reporting to the Next Level
Agile is Strategic: Finance's New Labor Model Advances
Performance Over Presence: Rethinking the Post-Pandemic Office