New Report Explores the Changing Role and Responsibilities of the CFO
SAP Concur surveyed 220 finance leaders and released a report on the evolving CFO role. Key findings: top external challenges relate to global economic turmoil; CFOs respond by increasing market monitoring (57%) and investing in innovation (40%); 55% invest in data analytics; 68% fear AI threatens their position, but 82% believe it improves efficiency; mid-size companies face unique challenges.
Impact and considerations
The report reveals the changing CFO role, guiding finance leaders in navigating uncertainty, investing in technology, and collaborating across functions.
Key points
- Four out of five external challenges relate to global economic turmoil.
- 57% of CFOs increase market monitoring, 40% invest in innovation.
- 55% invest in data analytics tools.
- 68% fear AI threatens their position, but 82% believe it improves efficiency.
- Mid-size companies are more likely to tighten budgets and invest less in technology.
- 80% believe they must work more effectively with HR.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 26 Oct 2023, 17:02
- Page published
- 14 Aug 2026, 08:18
- Last updated
- 26 Oct 2023, 17:02
- Original links
- SAP Concur Blog：New Report Explores the Changing Role and Responsibilities of the CFO (opens in a new tab)Primary source · en · Published 26 Oct 2023, 17:02