This infographic shows key insights from a recent global survey of finance professionals conducted by CFO Publishing and sponsored by SAP.
One of the main insights for finance executives looking to transform the finance function: the value of collaboration for finance as the business partner of choice.
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The Value of CollaborationFINANCE AS THE BUSINESS PARTNER OF CHOICE
It’s an exciting time to be a
finance professional...
Finance’s
mandate has
expanded to
include:
…and it’s only getting better.
Finance is taking on an increasing responsibility
and control for a wide range of activities,
serving as the central touchpoint for enterprise
performance management.
The finance professional of the future is poised
to take on an even greater role in all aspects of
value creation for the business.
Technologically self-sufficient
43%
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M&A
37%
HR
33%
LEGAL
26%
SUPPLY CHAIN
25%
TAX
49%
RISK
47%
IT
42%
PROCUREMENT
40%
“Finance is shifting to a
business partner mentality.”
“Finance is playing a
more proactive role.”
“Finance is the partner the
business actually wants to
work with.”
Collaborative
41%
Forward looking
39%
Fortunately, 71% say that automation is a way to
become more involved with operating or business units—
allowing them to meet their goals.
As organizations adopt leading-edge technology, finance has the opportunity to become a
stronger influence on the business. The majority of respondents (72%) believe that automating
more finance processes would raise the finance function's important within the organization.
This innovative finance function is the partner the business needs for tomorrow.
82%
say their jobs have
exceeded their
expectations
89%
Expect finance's influence
to increase
86%
Expect their work to grow even more
interesting, meaningful, and valuable
75%
Expect to take on
new responsibilities