{"id":346520,"date":"2024-11-23T00:27:31","date_gmt":"2024-11-22T18:57:31","guid":{"rendered":"https:\/\/www.technologyforyou.org\/?p=346520"},"modified":"2024-11-23T00:27:53","modified_gmt":"2024-11-22T18:57:53","slug":"gartner-survey-shows-cfos-rank-metrics-analytics-and-reporting-as-the-top-priorities-for-2025","status":"publish","type":"post","link":"https:\/\/www.technologyforyou.org\/gartner-survey-shows-cfos-rank-metrics-analytics-and-reporting-as-the-top-priorities-for-2025\/","title":{"rendered":"Gartner Survey Shows CFOs Rank Metrics, Analytics and Reporting as the Top Priorities for 2025"},"content":{"rendered":"
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Finance Transformation No Longer Top Priority as CFOs Increased Focus on Growth<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n

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CFOs and finance leaders rate metrics, analytics and reporting as their\u00a0top focus area for 2025, reflecting an emphasis on delivering insight to improve business performance according to Gartner, Inc.<\/p>\n

The\u00a0October 2024 survey\u00a0of 251 CFOs showed that finance transformation ranks much lower as a priority for CFOs in 2025, replaced by a focus on AI adoption in finance, which ranked fourth overall (see Figure 1).<\/p>\n

\u201cThe survey showed the most CFOs since 2014 prioritizing enterprise growth,\u201d said\u00a0Dennis Gannon, vice president of research in the\u00a0Gartner Finance Practice.<\/strong> \u201cThe marked return of growth and cost pressures mean that many CFOs are planning to be ruthless in delegating finance transformation.\u201d<\/p>\n<\/article>\n<\/div>\n

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Figure 1: CFO Top Priorities for 2025<\/h5>\n<\/div>\n
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Source: Gartner (November 2024)<\/p>\n<\/div>\n<\/section>\n<\/div>\n

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\u201cThis shift in priorities reflects two trends: First, CFOs are now delegating day-to-day finance transformation activities to dedicated finance transformation leaders,\u201d said Gannon. \u201cSecond, CFOs are increasingly recognizing that their time is best spent on the challenging, unanswered questions on finance\u2019s evolution, which in 2025 will center more on the use of AI than on traditional finance automation and technology.\u201dBeyond improving the use of data and analytics to drive growth, and adopting AI for various use cases in finance, CFOs and finance executives are also focusing on talent and leadership. The profile of finance talent continues to evolve and requires a new perspective on how to find, engage and retain talent either by upskilling existing talent or recruiting differently to attract digital talent.<\/p>\n

\u201cCFOs expect one in two finance employees to be digital talent by 2027,\u201d said Gannon. \u201cGiven that digital talent currently makes up less than 20% of the finance function, there\u2019s clearly much work to be done.\u201d<\/p>\n

The survey also showed that CFOs recognize their own leadership profile needs attention in 2025, with an expanded CFO role creating a need to influence across the entire organization, raising the bar for CFO leadership effectiveness. Finance talent management also climbed in importance as CFOs confront an expected uptick in attrition of longer-tenured finance workers while evolving their value proposition for digital finance talent.<\/p>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Finance Transformation No Longer Top Priority as CFOs Increased Focus on Growth CFOs and finance leaders rate metrics, analytics and reporting as their\u00a0top focus area for 2025, reflecting an emphasis on delivering insight to improve business performance according to Gartner, Inc. The\u00a0October 2024 survey\u00a0of 251 CFOs showed that finance transformation ranks much lower as a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14083],"tags":[37045],"class_list":{"0":"post-346520","1":"post","2":"type-post","3":"status-publish","4":"format-standard","7":"tag-finance-transformation-no-longer-top-priority-as-cfos-increased-focus-on-growth"},"_links":{"self":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/346520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/comments?post=346520"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/346520\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/media?parent=346520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/categories?post=346520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/tags?post=346520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}