Sophocles
Wisdom outweighs any wealth.
Finance
A recent survey from Gartner identifies “Top 5 Priorities for CFOs“. CFOs will be stretched thinly across many activities in 2024. “The survey revealed a wide range of actions CFOs plan to either lead or be significantly involved with,” said Marko Horvat, vice president, research in the Gartner Finance practice. More than two-thirds of CFOs plan to be significantly involved even in the priorities ranked in ninth and tenth place.
The top five priorities were picked by at least four in five CFOs, and, except for communicating and engaging with the board, they all relate to redefining and remodeling the ways in which the finance function supports the business for the future.
Top 5 Priorities for CFOs in 2024
Gartner’s research on “Hallmarks of Winning Financial Transformation” cites transforming your finance team to maximise profitability is about doing better with less. Finance teams are undergoing or planning a transformation.
However, only 30% of the initiatives deliver the forecast benefits to the business. Finance talent needs are shifting at a rapid pace, and it is vital to finance transformation success that finance leaders equip teams with next-generation skills. Financial leadership styles need to be adapted to and meet the workforce’s evolving needs.
We’ve identified desired experiences from analysts’ and associations’ perspectives and have included them from an employee, leadership, and management point of view.
New Experiences for Finance Executives
In a recent Gartner report “Top 5 Priorities for CFOs” the top five priorities were picked by at least four in five CFOs, and, except for communicating and engaging with the board, they all relate to redefining and remodeling the ways in which the finance function supports the business for the future. Key challenges include:
Evaluating functional strategy, scope and design
Planning and sequencing finance transformation activities
Communicating and engaging with the board
Improving staff engagement
Leading organisational change
From the challenges we’ve created a series of DGAs for you to select from, which support overcoming these challenges in a positive way.
Your Key Challenges
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