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Group 13069

GLOBAL CFO SURVEY 2022
BY EVEREST GROUP, SUPPORTED BY WNS

INSIGHTS THAT WILL ENABLE YOU TO DISTINGUISH
CHATTER FROM REALITY

Two years ago, when the pandemic wreaked havoc on communities and commerce – CFOs stepped up to the challenge, emerging as the architects of future-ready organizations. Today, they are deeply involved in determining how businesses adapt to the new reality – particularly in places where digital and finance intersect.

The Global CFO Survey 2022 by Everest Group, supported by WNS, gives you a ring-side view of how modern finance functions have re-defined their priorities, challenges and initiatives across 2020 and 2022. In the second edition of our report,we tap into the perspectives of 300+ CFOs spanning major industries and geographies to help cut through the noise (chatter) and bring out the real picture to drive effective decision-making.

Chatter or Reality? Know the Difference

Chatter says…

But the reality is…

Asset 24

Digital transformation is primarily applicable for transactional areas

Judgment-intensive areas are attracting just as much transformation investment

Asset 24

Organizations allocate funds for transformation on a sustainable basis

Funding is largely decided on a case-by-case basis

Asset 24

Dedicated investments are available for ESG initiatives

Most organizations are still at the beginning stages of developing ESG strategies

Asset 24

Blockchain is driving real business outcomes

Majority of blockchain use cases haven’t moved beyond the POC stage

Chatter says…

But the reality is…

Asset 24

Digital transformation is primarily applicable for transactional areas

Judgment-intensive areas are attracting just as much transformation investment

Asset 24

Organizations allocate funds for transformation on a sustainable basis

Funding is largely decided on a case-by-case basis

Asset 24

Dedicated investments are available for ESG initiatives

Most organizations are still at the beginning stages of developing ESG strategies

Asset 24

Blockchain is driving real business outcomes

Majority of blockchain use cases haven’t moved beyond POC stage

How Has the F&A Landscape Evolved?

Finance priorities in 2022 vs. 2020

The shift in top organizational challenges

2022 RANK
2020
RANK

Reprioritization of steps taken to address key challenges

2022 RANK
2020
RANK

How Has the F&A Landscape Evolved?

Finance priorities in 2022 vs. 2020

Finance priorities in 2022 vs 2020
Reprioritization of steps taken to address key challenges
2022
RANK
1

Price / Cost Pressure

2

Adapting to
changing customer demands

3

Increasing risk exposure

4

Talent shortage

5

Supply chain continuity

2020
RANK
3
1
4
5
2

How Successful Has the F&A Organization Been?

Highly successful actions undertaken to make the F&A organization agile and resilient

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Adopting cloud infrastructure

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Implementing a hybrid operating model

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Re-assessing compliance, controls and policies

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Driving global process ownership (reducing process fragmentation, standardizing and harmonizing end-to-end processes)

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Embedding future-ready governance frameworks

Key areas that have significantly improved in F&A organizations in the past two years (2020-21)

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Increasing adoption of digital technologies to enhance material productivity, customer experience and controls

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Implementing a work-from-home model for the foreseeable future

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Right-sizing the finance organization and aligning it to business volumes

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Leveraging global delivery models to optimize F&A operating costs

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Focusing on cash flow improvement initiatives

What’s Shaping F&A Transformation Today?

About the survey

To understand how CFOs’ roles and business imperatives are evolving, Everest Group conducted a global survey covering the perspectives of finance leaders from major organizations across geographies and industries.

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Continents

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Industries

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CFOs

$1 BN +

Annual Revenue

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F&A Professionals

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