;

CFO Insights Report: A New Role in Managing Uncertainty

man and woman looking at phone

The CFO role continues to grow and evolve as their analytical skills and insights become even more valuable in a climate of economic turmoil. SAP Concur Research found that 90% of senior finance leaders agree their key task today is to prepare businesses for the unexpected.   

Businesses need certainty to plan and grow. But they rarely get it these days. In this report, we investigate how CFOs’ increased responsibility for managing risk and uncertainty impacts their role – including the challenges, opportunities, and how they should respond and position themselves and their teams. Some key findings include: 

  • Investment in forecasting rises, which leads to CFOs’ biggest investments in data analytics and reporting as they address their top internal challenge – increasing complexity in financial forecasting. 
  • AI will be the threat and critical partner, 98% of CFOs believe AI threatens them or their team and 61% say it will be essential in managing the unexpected. 
  • Investors push for sustainability reporting, 42% of CFOs said the greatest pressure on sustainability comes from investors. 
  • Mid-sized firms need help with innovation and forecasting analytics, 42% of CFOs in mid-sized firms say forecasting is hindered by lack of analytics capabilities and only 16% are investing in cutting-edge technologies such as AI, compared with 40% of large ones.  
  • CFOs need a new relationship with HR as 80% of them believe they must work more effectively with HR heads.  

Download the full report to learn CFO’s new role in managing uncertainty.  

Download the resource

Gain access to all premium content once you fill out the form.

Please share some information about yourself to receive premium information that can help you solve the major travel and expense challenges businesses face today.

Concur respects your privacy. The information you provide us is intended for internal use only, and we will not share, sell, or distribute your information. View our privacy policy. You will receive educational information and news about Concur products and services.

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Speak with a specialist

Have a specialist contact you to find automated solutions to help your business see spending clearly and manage it proactively.

Can we still reach you at:

Previous Concur User
Have you used a SAP Concur product at a previous employer? *
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
resource icon
Reports
If your travel and expense system can’t capture spending wherever or whenever it happens, you’re not managing all your…
View
resource icon
Reports
The pandemic is evolving and along with its evolution, corporate travel is resuming. Interestingly, travel concerns…
View
resource icon
Reports
IDC Report: Worldwide Travel and Expense Management Software Market Shares, 2018: Simplicity and Scalability Driving…
View