CFOs See Tech Grabbing Larger Share of a Shrinking Budget

Lincoln Wylie

Is this the year the straw breaks the camel’s back?

Each and every year, it seems as if finance is asked to do much more with considerably less. This year will be no different, according to the 2020 Finance Critical Difficulties study from The Hackett Group. Most finance executives hope to see a 3.4% drop, on typical, in finance’s operating budget. At the exact same, other elements of the firm go on to hope finance to deliver much more value to them.

The five biggest business “asks” of finance in 2020, all of which ended up rated as extremely critical by a vast majority of executives, ended up:

  • Help business cost-effectiveness improvement
  • Help business development tactics
  • Empower/augment business analytics capacity
  • Empower business electronic transformation
  • Help business customer-centricity

“Management anticipations in the coming year may well outstrip finance’s means,” said The Hackett Group.

The superior anticipations are encouraging to push an

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