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Research Finance Digital Transformation: How Finance Leaders Can Equip Their Team to Tackle Change

Finance Digital Transformation: How Finance Leaders Can Equip Their Team to Tackle Change

COVID-19 has had a profound impact on the business landscape. Consumer demand has shifted, supply chains have been stretched, and entire sections of the workforce have pivoted to remote work.

CFOs were plunged into crisis management mode when the pandemic hit. They rapidly reforecasted revenues, cut costs, and bolstered liquidity—all while continuing essential tasks, such as financial close, remotely. We wanted to understand how these unprecedented circumstances had affected their plans to use new technologies, build up the skills needed for the future, and provide insights to guide the wider business.

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Report Snap Shot

About one-third of CFOs (34%) plan to prioritize finance digital transformation in one year. In contrast, just 5% focused on it at the height of the pandemic.