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.
The global pandemic accelerated digitalization, 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.
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 organizations.
Managing Director Jay Thompson comments on the need for a flexible labor model in finance.
Managing Director Ken Thomas discusses finance transformation trends and some of the recent and long-term hurdles to progress.