07 Sep Sustainability, International Expansion and Tech Adoption Key Priorities for CFOs
97% of UK CFOs believe their role has become more complex during the last two years, a survey from global payables automation company Tipalti Europe has revealed. The poll, which quizzed over 300 UK CFOs and CEOs about the position of the finance leader, highlights the increasing pressures and responsibilities placed on the finance leader today, and the greater collaboration needed with the c-suite.
As UK businesses continue to face uncertainty caused by the pandemic and the constantly changing environment brought about by Brexit, Tipalti research shows the increasing amount of responsibilities placed on the modern CFO and finance director to support businesses. In general, a fifth (20%) of UK CFOs say they’ve seen a greater demand placed on them by the CEO and board, a key factor that has made their job more complex. In addition to this, over a third (39%) believe collaboration with the CEO and other members of the c-suite has become more necessary than before to the office of the CFO.
Published in The European Financial Review.