ESG
1
ESG remains a focus for Controllers & CAOs, especially with recent events surrounding the SEC’s rule and subsequent stay. Even with persistent uncertainty around the rigor of regulations, leaders are structuring ESG within their organizations, often by putting cross-functional teams and new C-suite roles in place to provide governance and tracking for ESG activities.
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ESG
1
Generative AI In Finance
2
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Generative AI In Finance
Generative AI (GenAI) is a priority for finance leaders as the technology poses both opportunities and threats. On the opportunities side, companies are interested in how GenAI can help reduce cost and increase efficiency. However, many leaders are approaching the new technology with an eye on the potential risks, especially data security. Key to AI deployment is identifying use cases that prove value and justify the expense of upgrades. Leading companies are identifying areas in finance with high potential for AI application but tempering these pursuits with strict governance on AI usage.
2
Regulatory Changes
3
Regulatory Changes
Controllers & CAOs are focused on understanding, addressing, and optimizing the rules and regulations surrounding accounting areas like segment reporting, Pillar Two compliance and disaggregation of income, to name just a few. Getting the proper internal controls and staffing levels in place is just the beginning of what can be an incredibly complex process affecting multiple areas of a company’s organization.
3
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Talent
4
Talent
When hiring new talent, finance leaders are increasingly doing so with an eye on where the industry is heading. As in other business areas, the field of finance is becoming more technology-focused, and leaders want employees who are comfortable working with data and new technology, including AI.
4
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Economy
5
Economy
Finance leaders are keeping close watch on the economy as factors such as inflation, Fed rate adjustments, and consumer sentiment continue to have major impacts on markets. Forecasting is challenging with so many unknowns around the persistence of high inflation and what steps the Fed may take to ease the pressure of high rates. Overall, consumers are stretched by prices for necessities, including housing, groceries, and fuel, while sectors such as real estate are seeing a pause as would-be buyers wait for rate cuts.
5
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Financial Transformation
6
Financial Transformation
Many organizations are looking to modernize and infuse innovation in a traditionally conservative field in order to attract younger, Millennial and Gen Z professionals into the accounting space. Finance leaders see a need to transform the function to meet evolving demands for the role, specifically around the use of technology. In addition, many organizations are investing in their teams to upskill in new technologies and tools, in order to increase their departments’ resiliency overall.
6
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Digital Transformation
7
Digital Transformation
Controllers & CAOs feel their companies have some catching up to do in terms of digitalization. Some organizations simply don’t have the capacity to properly handle all of the data at their disposal, while others struggle with how to securely migrate to the cloud.
7
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Cyber Security
8
Cyber Security
Amongst Controllers & CAOs, cyber security is a major priority given the ever-increasing reliance on technology and growing sophistication of cyber-attacks. SEC disclosure rules around material breaches are putting pressure on leaders to establish teams and protocols for responding to any attacks.
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Finance Operations
9
Finance Operations
Finance leaders are reviewing operating structures as they seek to optimize their delivery capabilities. As they configure their functions, Controllers & CAOs are utilizing varied models, with many trending towards centralized hubs and centers of excellence (COEs). These help provide consistency of processes and better flexibility with staffing but can also create operational siloes and limit innovation.
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Finance Operations
10
Board Communications
Finance leaders have a strong interest in understanding the priorities of their Audit Committees (ACs) and the broader board. At any given time, ACs may be working on everything from cybersecurity risks to natural disasters to financial compliance with the SEC or monitoring progress toward ESG goals. Depending on the company, audit committees often have responsibility for additional areas as well, meaning that Controllers & CAOs must compete with other business areas for time on the AC agenda. As a result, finance leaders are keen to understand how best to manage their time and relationships with their boards.
10
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ESG
1
ESG
ESG remains a focus for Controllers and CAOs, especially with recent events surrounding the SEC’s rule and subsequent stay. Even with persistent uncertainty around the rigor of regulations, leaders are structuring ESG within their organizations, often by putting cross-functional teams and new C-suite roles in place to provide governance and tracking for ESG activities.
Read more
ESG
Generative AI In Finance
Regulatory Changes
ESG remains a focus for Controllers and CAOs, especially with recent events surrounding the SEC’s rule and subsequent stay. Even with persistent uncertainty around the rigor of regulations, leaders are structuring ESG within their organizations, often by putting cross-functional teams and new C-suite roles in place to provide governance and tracking for ESG activities.
Read more
ESG
ESG remains a focus for Controllers and CAOs, especially with recent events surrounding the SEC’s rule and subsequent stay. Even with persistent uncertainty around the rigor of regulations, leaders are structuring ESG within their organizations, often by putting cross-functional teams and new C-suite roles in place to provide governance and tracking for ESG activities.
Read more
Generative AI In Finance
ESG remains a focus for Controllers and CAOs, especially with recent events surrounding the SEC’s rule and subsequent stay. Even with persistent uncertainty around the rigor of regulations, leaders are structuring ESG within their organizations, often by putting cross-functional teams and new C-suite roles in place to provide governance and tracking for ESG activities.
Read more
Regulatory Changes
2
2
1 ESG
3
1
3
1
ESG
1
Generative AI In Finance
2
Regulatory Changes
3
ESG remains a focus for Controllers and CAOs, especially with recent events surrounding the SEC’s rule and subsequent stay. Even with persistent uncertainty around the rigor of regulations, leaders are structuring ESG within their organizations, often by putting cross-functional teams and new C-suite roles in place to provide governance and tracking for ESG activities.
Read more
ESG
1
ESG remains a focus for Controllers and CAOs, especially with recent events surrounding the SEC’s rule and subsequent stay. Even with persistent uncertainty around the rigor of regulations, leaders are structuring ESG within their organizations, often by putting cross-functional teams and new C-suite roles in place to provide governance and tracking for ESG activities.
Read more
Generative AI In Finance
2
ESG remains a focus for Controllers and CAOs, especially with recent events surrounding the SEC’s rule and subsequent stay. Even with persistent uncertainty around the rigor of regulations, leaders are structuring ESG within their organizations, often by putting cross-functional teams and new C-suite roles in place to provide governance and tracking for ESG activities.
Read more
Regulatory Changes
3
Option 1
Option 2
ESG remains a focus for Controllers and CAOs, especially with recent events surrounding the SEC’s rule and subsequent stay. Even with persistent uncertainty around the rigor of regulations, leaders are structuring ESG within their organizations, often by putting cross-functional teams and new C-suite roles in place to provide governance and tracking for ESG activities.
Read more
ESG
1
ESG
1
ESG
1
ESG
1
ESG remains a focus for Controllers and CAOs, especially with recent events surrounding the SEC’s rule and subsequent stay. Even with persistent uncertainty around the rigor of regulations, leaders are structuring ESG within their organizations, often by putting cross-functional teams and new C-suite roles in place to provide governance and tracking for ESG activities.
Read more
ESG
1
ESG remains a focus for Controllers and CAOs, especially with recent events surrounding the SEC’s rule and subsequent stay. Even with persistent uncertainty around the rigor of regulations, leaders are structuring ESG within their organizations, often by putting cross-functional teams and new C-suite roles in place to provide governance and tracking for ESG activities.
Read more
1
ESG
Generative AI (GenAI) is a priority for finance leaders as the technology poses both opportunities and threats. On the opportunities side, companies are interested in how GenAI can help reduce cost and increase efficiency. However, many leaders are approaching the new technology with an eye on the potential risks, especially data security. Key to AI deployment is identifying use cases that prove value and justify the expense of upgrades. Leading companies are identifying areas in finance with high potential for AI application but tempering these pursuits with strict governance on AI usage.
Read more
Generative AI In Finance
2
Generative AI In Finance
2
Read more
Generative AI In Finance
Generative AI (GenAI) is a priority for finance leaders as the technology poses both opportunities and threats. On the opportunities side, companies are interested in how GenAI can help reduce cost and increase efficiency. However, many leaders are approaching the new technology with an eye on the potential risks, especially data security. Key to AI deployment is identifying use cases that prove value and justify the expense of upgrades. Leading companies are identifying areas in finance with high potential for AI application but tempering these pursuits with strict governance on AI usage.
2
ESG
Generative AI In Finance
Regulatory Changes
Talent
Digital Transformation
Cyber Security
Finance Operations
Economy
Board Communications
Financial Transformation
1
ESG
2
Generative AI In Finance
3
Regulatory Changes
3
Talent
5
Economy
6
Financial Transformation
7
Digital Transformation
8
Cyber Security
9
Finance Operations