In a rapidly shifting business landscape, CFOs face the challenge of meeting contradictory demands amidst market shifts, competition and cost pressures. They are being asked to drive long-term value while finding short-term cost efficiencies. Based on insights from over 1,000 senior finance leaders, this report from Criticaleye Partner EY explores three specific paradoxes that are linked with the evolving role of the CFO.
Key takeaways include:
Currently, 16 percent of finance leaders believe their finance function delivers best-in-class performance.
45 percent of finance leaders surveyed see their long-term career ambition as achieving a CEO position, either at their current organisation or another.
72 percent of respondents said that ‘traditional back-office behaviours and mindsets’ are slowing the modernisation of the function, with the bolder cohort more focused on culture change.
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