Global management consulting firm Accenture recently surveyed more than 600 CFOs and other senior finance executives.
The study is part of Accenture’s high-performance finance research that explores the evolution of CFOs and the finance function.
In the Accenture research, 73% of respondents say the CFO’s influence in supporting strategic decision-making has increased in the past two years. 61% report that the CFO’s influence in business partnering has grown, and 60% say the CFO’s influence in providing insightful analytics has risen.
Although CFOs are gaining influence, few are regularly consulted to help form the “vision, design, and implementation of key business initiatives” that don’t relate to cost reduction, the survey said. Eighteen per cent are involved in developing the company’s vision for workforce rationalization and supply chain optimization, and only 10% help develop the company’s vision for the digital revolutioN.
Read more here: