SAP Concur gathered insights from global CFOs on the core skills finance leaders need, including agility and a growth mindset, strategic foresight and data leadership, digital and AI fluency, change management, and communication and collaboration. It also recommends building future-ready finance teams through training, automation, and cross-functional collaboration while addressing the ongoing finance talent shortage.
SAP Concur published an article on how AI is transforming financial functions and elevating professionals, based on a podcast conversation with Nathanael L'Heureux, Chief Client Officer at Oversight. The article notes that the finance industry faces challenges of less talent entering, older generations retiring, and more demands on those who stay, with up to 80% of finance work estimated to be manual. AI can automate this work but requires human guidance. The article suggests using existing tool frameworks to evaluate AI technologies and becoming an AI thought leader.