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Main CFO Challenges and How to Solve Them

A SAP Concur blog post analyzes five key challenges facing CFOs: talent recruitment and retention, supply chain issues, complex employee benefits, improving cash flow, and financial forecasting and planning. 53% of CFOs want to increase agility to better operate in a turbulent business environment. Gartner predicts 78% of CFOs will increase or maintain enterprise digital investments through 2023. The post recommends finance automation, data integration, advanced analytics, and AI to address these challenges, citing data that SAP Concur customers realized 11% cost savings.

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Impact and considerations

The content provides finance leaders with automation strategies to address current economic uncertainty and demonstrates the value of digital investment in expense and invoice management.

Key points

  • CFOs face five key challenges: talent recruitment and retention, supply chain issues, complex employee benefits, improving cash flow, and financial forecasting and planning.
  • 53% of CFOs want to increase agility to better operate in a turbulent business environment.
  • Gartner predicts 78% of CFOs will increase or maintain enterprise digital investments through 2023, even if inflation persists.
  • Finance automation, data integration, advanced analytics, and AI help build resilience.
  • SAP Concur customers realized 11% cost savings through supplier negotiated rates and discounts.
  • Gartner research shows 89% of boards agree digital is an implicit part of growth strategy, but 81% report they have not achieved their digital business transformation goals.

Sources and time

Primary source
SAP Concur
Other sources
0
First source publication
16 Jun 2023, 17:27
Page published
14 Aug 2026, 08:23
Last updated
16 Jun 2023, 17:27
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