CFOs: Driving Finance Transformation for the 21st Century
A report prepared by CFO Research Services in collaboration with Capgemini.
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2002-08-23 7:39 PM
A survey of senior finance executives at 265 large US corporations, supplemented by 12 in-person interviews, indicates that few CFOs are satisfied with finance’s strategic role or the progress of its transformation to a valued business partner. According to CFOs, the roadblocks to change are near-term pressures such as the need to navigate a weak economy, increased scrutiny of accounting practices and reporting, greater demands for actionable information, and demand for an almost immediate positive return on investment. In essence, many financial executives feel challenged to do much more with much less.
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