2016 Finance Priorities Survey
"BEWARE OF RASHNESS, BUT WITH ENERGY, AND SLEEPLESS VIGILANCE, GO FORWARD, AND GIVE US VICTORIES."
- Abraham Lincoln
Finance functions were historically busy last year. Whether or not these workloads are leveling off, finance functions cannot afford to back off. In the coming year, between maintaining margins, forecasting cash flow, complying with new regulations and combating cyberthreats, finance functions wlil have much to monitor on their radars and need to be incredibly vigilant. If the 16th President of the United States were to return as a 21st century CFO, his mandate to his financial troops would echo the guidance he dispensed to a top general 150 years ago.
The results of the 2016 Finance Priorities Survey from the Financial Executives Research Foundation and Protiviti indicate that CFOs and finance professionals remain alert to intensifying volatility on the radar while continuing to address a large and growing set of priorities. As we examine in our report, our findings suggest CFOs and their teams are also focusing efforts on many different priorities, including but not limited to earnings performance, cybersecurity risks, strategic planning, financial and profitability analysis, enterprise performance management, forecasting, and organizational leadership.
Our key findings:
- Margin and earnings performance ranks as the top priority across all groups.
- CFOs see more significant priorities on the horizon.
- Cybersecurity concerns permeate the finance function.
- Wanted: a single, real-time version of the truth - more accurate and timelier data collection, data analysis, reporting, budgeting and forecasting capabilities.