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Top Insights for the
World's Leading Executives

Finance

As companies grow in complexity and revenue pressures increase, 87% of companies are asking more of their finance departments. To keep up, CFOs need to think differently about what kind of talent, analytic capabilities, and resources they need to be able to deliver value to the business.

Situation

Privacy- and technology-related risks are increasingly the top-level concerns for senior executives and boards of directors.

Insight

The biggest driver of analytic misuse is the quality of financial analysis itself, as most FP&A teams focus too much on providing decision makers with the right answers and recommendations. Compared to this answer-focused approach, a problem-focused approach is twice as effective at driving decision making with proper use of analysis.

Potential

Through this approach, finance teams can determine which services are most profitable and stop providing those that are not. In essence, instead of trying to do more with less, leading finance teams do better with less.

Is Outsourcing Right for Your Finance Function

Situation

Outsourcing in Finance is on the rise, and 85% of finance executives plan to increase their reliance on outsourcing over the next two years.

Insight

67% of finance executives say the promise of cost savings is the biggest driver of outsourcing. However, our data shows no relationship between outsourcing and long-term cost savings.

Potential

Finance will get the most value by looking beyond the initial drivers of outsourcing and considering all risks and trade-offs when evaluating outsourcing options.

Situation

In recent years, finance competency gaps have widened because of an inadequate focus on staff development, poor alignment with corporate HR activities, and low investment in future finance leaders.

Insight

The most critical skills—including analytic, strategic, and technology skills—are undervalued and missing from most finance teams.

Potential

Finance teams must learn how to effectively hire, coach, and train staff in order to build a team with the key competencies to excel.


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