CFO STRATEGIES:
ABOUT THE REPORT
In the landscape of global finance, 2024 emerges as a pivotal year, marked by an intricate blend of innovation and opportunity for the Chief Financial Officer (CFO)
In recent years, CFOs have showcased their resilience and adaptability, rebounding from economic challenges with many leading their organizations toward sustainable growth. Our outlook for CFOs is strong, yet they must balance between harnessing the opportunities presented by a buoyant economy and crafting strategies that safeguard against potential economic volatilities and global impacts from ongoing conflicts.
The FTI 2024 Global CFO Report endeavors to shed light on the key global trends for CFOs in 2024. Through in-depth analysis, expert insights and forward-looking projections, we aim to equip financial leaders with the knowledge and perspective they need to navigate the year ahead with confidence in a time of promising potential and evolving uncertainty.
74%
of CFOs predict double digit growth
33%
predict growth over 30%
76%
of CFOs think inflation poses the biggest risk to their business
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Global Highlights
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Top 2024 CFO Observations and Priorities
Page 14
Outsourcing Finance on the Rise
Page 8
Increased Competitive Pressures
Page 10
Investment in Finance Technology and Automation
FTI Consulting is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. In this report, we detail business leaders’ insights on the challenges they face, their expectations for 2024 and the strategies and tactics they will undertake over the next 18 months to maximize financial performance and protect the bottom line.
There is growing optimism amongst our respondents that the global economy is on the rebound.
CFOs are prioritizing ways to drive operational and back-office efficiencies, with 91% of global CFOs planning to focus on improving productivity for their finance functions in 2024.
About The Survey
Our survey focused on capturing insights on the challenges CFOs and Finance leaders face and their expectations for 2024. Working in conjunction with CFO Dive, we asked senior finance executives worldwide about the strategies and tactics they will undertake during 2024 to maximize financial performance and protect the bottom line. Almost four hundred responses were collected from executives across North America, APAC, and EMEA, evenly split by each region.
EMEA Highlights
North America Highlights
APAC Highlights
Use Cases
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Testimonials
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CFOs are looking to finance technology and driving back-office efficiencies to create enterprise value in 2024.
Learn more about what tough challenges and exciting opportunities CFOs believe are on the horizon – read the full report for more.
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2024 CFO Outlooks & Expectations
ABOUT THE REPORT
Trends and Perspectives
Companies over $1 billion (USD) in revenues are optimistic on growth with three quarters of respondents predicting double digit growth, and nearly half projecting growth will be over 30%. Companies with revenues less than $100 million are also predicting growth with 68% of those organizations predicting revenue growth over 10%.
CFO's are spending more time on improving forecasting accuracy as 90% of CFOs say they spent similar or more focus on scenario planning in 2023 than the previous year. This shift underscores the growing emphasis on the CFOs role in making strategic decisions regarding investments, expansions or strategic changes.
Download the report
January 30, 2023
2024 GLOBAL CFO REPORT
AN FTI CONSULTING REPORT
Download the Full Report
CFOs are focused on enhancing forecasting for strategic value
David White
Senior Managing Director
Office of the CFO Solutions West Leader
david.white@fticonsulting.com
gina.gutzeit@fticonsulting.com
Gina Gutzeit
Senior Managing Director
Office of the CFO Solutions Global Leader
Key Contacts
Turnaround and Restructuring
Actively managing working capital delivers valuable business insights that help CFOs better manage their business and create a competitive advantage.
Strategic Financial Communications
Leveraging expertise in growth, finance, operations, technology and transactions, we help drive change across the enterprise.
David White
Senior Managing Director
Office of the CFO Solutions West Leader
david.white@fticonsulting.com
gina.gutzeit@fticonsulting.com
Gina Gutzeit
Senior Managing Director
Office of the CFO Solutions Global Leader
Key Contacts
1
2
Our survey focused on capturing insights on the challenges CFOs and Finance leaders face and their expectations for 2024. Working in conjunction with CFO Dive, we asked senior finance executives worldwide about the strategies and tactics they will undertake during 2024 to maximize financial performance and protect the bottom line. Almost four hundred responses were collected from executives across North America, APAC, and EMEA, evenly split by each region.
David White
Senior Managing Director
Office of the CFO Solutions West Leader
david.white@fticonsulting.com
gina.gutzeit@fticonsulting.com
Gina Gutzeit
Senior Managing Director
Office of the CFO Solutions Global Leader
Key Contacts
3
North America Highlights
EMEA Highlights
APAC Highlights
KEY FINDINGS
CFO Strategies
Actively managing working capital delivers valuable business insights that help CFOs better manage their business and create a competitive advantage.
Business Transformation Consulting
Leveraging expertise in growth, finance, operations, technology and transactions, we help drive change across the enterprise.
CFO Strategies
Actively managing working capital delivers valuable business insights that help CFOs better manage their business and create a competitive advantage.
Business Transformation Consulting
Leveraging expertise in growth, finance, operations, technology and transactions, we help drive change across the enterprise.