What are CFOs most concerned about 2021?
What are CFOs most concerned about 2021?
Grant Thornton’s Q2 2021 CFO survey found that nearly two-thirds of CFOs are worried that talent shortages could impair their ability to meet short-term strategies.
What are CFOs worried about?
Taxes, risks and regulation Though CFOs are concerned about policy and regulatory risks, many say other risks will be just as pressing, including compliance, third-party disruption, cybersecurity and brand damage.
What are the top priorities of a CFO?
Top Priorities of the Modern CFO
- Advanced Data Analytics Technologies and Tools in Finance. Analytics plays a crucial role in creating value in many businesses.
- Robotic Process Automation (RPA) and Other Workflow Automation Technologies.
- Accelerating Digital Skills.
- Enterprisewide Digital Investment Review and Governance.
What do CFOs care about most?
What do CFOs Care About in 2020: Pain points, Challenges, & Trends. Minimizing risk and protecting assets are top-of-mind in what CFOs care about. But today’s chief financial officers face more complex challenges than ever before.
What risks should a CFO consider in making a decision?
Some of the operational risks that should be evaluated, managed, and mitigated include:
- Process risks. From the way that a company operates to its strategic planning choices, risk should be identified and assessed at every turn.
- Compliance risks.
- Personnel risks.
- Supply chain risks.
What should a CFO focus on?
CFOs must help to shape the company’s agenda, engage with investors and capital markets, ensure strong financial performance, and partner with business colleagues to support operations. CFOs also must oversee the finance function’s core audit, regulatory, and risk-management responsibilities.
What keeps CFOs up overnight?
The four biggest short-term issues facing CFOs right now are “cyber security, developing and retaining talent, big data analytics and new technologies, and mobile platforms,” according to CFO.com. Business Insider previously reported that cyber security is keeping CFOs awake at night.
What are the challenges of a CFO?
The 10 Toughest Challenges for CFOs in 2021
- Talent acquisition and retention.
- Unify disparate data.
- Embrace big data.
- Add automation with technology.
- Prevent fraud and invest in cybersecurity.
- Support a remote workforce.
- Ensure compliance.
- Embrace innovation.
What CFOs read?
The most popular leisure reading topics among CFOs are history and biography which comprised almost half of the list. This is consistent with prior conversations I have held with finance chiefs. CFOs are passionate fiction readers and also are exploring health and wellness.
