Digitisation is nothing new. Only today the major impact is being felt by accounting professionals as companies increasingly use technology to analyse data in real-time.
The next setep is CFO 3.0. A new era where artificial intelligence (AI) and machine learning (ML) gain traction. And where CFOs combine accounting, analytical, business and strategic thinking to predict the future. Find what’s behind it by reading our info graph. You can download the info graph by completing the form below.
Did you know 98% of finance professionals say the role of the CFO has changed in the past 5 years.
A further 89% agree admin has a negative impact on productivity which could be helped with automation.
And 44% are concerned about the availability of real-time data!
In this climate of change what challenges do CFOs face?
39% of CFOs hired since 2009 have experience outside the finance function, compared to 17% prior to 2009.
As companies seek to upskill their financial departments, CFOs with outside knowledge will be more sought after.
SOURCE: Sage X3 – Based on a survey of 500 US-based CFOs from December 2019 to January 2020
FOR MORE INFORMATION ABOUT THE CHALLENGES FACED BY CFOS DOWNLOAD THE INFOGRAPH TODAY!
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