According to PwC, performance management is the top priority for finance departments in 2019.
Three main levers are cited to improve management: improving the quality of information and analyses, reducing reporting times and optimizing forecasting processes.
In a longer term vision, the Finance function is at the heart of growth strategies. This requires talent management that evolves and calls on new know-how and interpersonal skills. Thus, 76% of CFOs rely on internal skills development, and 58% on the provision of specific expertise by consultants.
Regarding process optimization, digitization and automation emerge as the main challenges, with 79% of CFOs in large companies and 63% in SMEs and SMIs believing that this will have a significant benefit on the Finance function. By taking advantage of technological advances, Finance Departments are transforming, evolving, making the company more responsive and thus guiding growth.
