Finance Under Pressure

Finance Under Pressure Finance Under Pressure 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.