How to Plug Skills Shortages in Your Finance Department
UK finance departments face skills shortages, with six in ten CFOs expecting gaps and eight in ten expecting increased workloads. The most in-demand skills are analysis, business partnering, and financial reporting. Demand for interim CFOs is rising, and cloud technology enables remote work. Automation like AI and machine learning can reduce drudgery and boost morale.
Impact and considerations
Skills shortages in finance departments impact operational efficiency; automation tools can reduce employee burden and improve satisfaction, positively affecting travel and expense management.
Key points
- Six in ten UK CFOs expect skills shortages, eight in ten expect increased workloads
- Most in-demand skills: analysis (38%), business partnering (36%), financial reporting (29%)
- Demand for interim CFOs increased by 69% in H1 2018
- Cloud technology enables interim FDs to work remotely
- Automation reduces drudgery and improves staff morale
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 16 Aug 2026, 08:07
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：How to Plug Skills Shortages in Your Finance Department (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47