Finance Under Pressure

Finance Under PressureFinance Under PressureFINANCE UNDER PRESSURECFOs reported the greatest pressure points impacting their accounting and finance organizations35% Meeting regulatory compliance mandates35% Keeping pace with changing technology18% Finding and keeping skilled staff12% Harnessing/managing big data2% OtherResponses 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/CostsPRESSURESRegulatory complianceKeeping pace with technologyIMPACTDrive transformation initiativesSOLUTIONSAI, automation, cloud, ERP, big dataRESOURCESSpecialized knowledge and skillsGreater Efficiency/AgilityHow companies are helping staff keep pace with changing technologyOffering training and professional development opportunities 55%Providing continuing education reimbursement 41%Bringing in external consultants for support 41%Assigning technology-related projects to expand sk ills 40%Fostering greater collaboration with IT colleagues 40%Multiple responses were allowed.