CFOs Prioritize Supply Chain Resilience

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Protiviti’s ‘2022 Global Finance Trends Survey’ finds that CFOs embrace security, privacy, cloud, supply chain, talent management, and more in an inflationary environment.

Nearly half (45%) of CFOs and finance leaders moved away from efficiency-based supply chains and toward models that provide more flexibility and resilience, as 72% of respondents experienced finance operations disruption due to the pandemic and/or inflation. Most of those (51%) are turning to managed services providers or business process outsourcing as a result.

The survey was conducted globally in June and July 2022 and received 1,024 replies from CFOs, vice presidents, directors, and managers of finance. They listed their top 10 priorities as:

  1. Security and data privacy
  2. Profitability reporting and analysis
  3. Blockchain/smart contracts
  4. Cloud-based applications
  5. Financial planning and analysis
  6. Changing demands and expectations of internal customers
  7. Leadership within their organizations
  8. Process mining
  9. Automation
  10. Changing roles of human resources, leadership & development, and recruiting

The survey also found that CFOs and financial leaders devote more time, attention, and resources to enterprise environmental, social, and governance (ESG) initiatives.

“This year’s survey findings confirm that CFOs continue to extend the value they deliver to the organization far beyond the boundaries of traditional finance and accounting activities, as they reimagine their roles and embrace responsibilities tied to supply chain, automation, analytics, ESG, leadership skills and more,” said Christopher Wright, global leader of Protiviti’s Business Performance Improvement practice.

Key findings and the complete survey reports areĀ available for download here.

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