SAP Concur Report Explores the Changing Role and Responsibilities of the CFO
SAP Concur surveyed 220 finance leaders across seven markets and released a CFO Insights report. Findings show four of five top external challenges relate to global economic turmoil; CFOs respond by increasing market monitoring (57%), investing in innovation (40%), and automation and AI (33%); 68% of CFOs see AI as a threat to their position, while 82% believe it will make operations leaner.
Impact and considerations
The CFO role is expanding from traditional financial health to employee experience, sustainability, and digital transformation. The report provides finance leaders with peer benchmarking and insight into current challenges and investment priorities.
Key points
- SAP Concur surveyed 220 finance leaders across seven markets.
- Four of five top external challenges relate to global economic turmoil.
- CFOs respond to uncertainty by increasing market monitoring (57%), investing in innovation (40%), and automation and AI (33%).
- 55% of CFOs are investing in data analytics and reporting tools.
- 68% of CFOs see AI as a threat to their position, while 82% believe it will make operations leaner.
- Only 11% of finance leaders included climate change among their top three external challenges.
- Mid-size company CFOs face greater budget pressure, with only 16% investing in cutting-edge technology.
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