FSN's Future of the Finance Function Research 2017 finds that CFOs are putting their trust in vendors to help with finance transformation

13th June 2017

Second generation CFOs have accepted the mantle of strategic advisor and business partner but poor exploitation of data, new technology and innovation remains a stumbling block.

The research was conducted amongst the 50,000 members of the FSN Modern Finance Forum on Linkedin globally and represents one of the largest and most authoritative global surveys of its kind.

“It is heartening to see that a new generation of CFOs has managed to shed the bean-counter image but many remain confined to their comfort zone,” says Gary Simon, FSN’s Chief Executive Officer and the leader of the Modern Finance Forum.

“It is worrying that only 6% of CFOs felt comfortable that they really understood the technologies available to them and only 37% agreed to knowing what is available in the market. Fascinatingly, many of them are turning to the vendor community for advice and support on finance transformation. There appears to be growing trust in software vendors who increasingly make more information available about their solutions through thought-leadership, content downloads, free trials, video demonstrations and webinars.”




The new research “The Future of Financial Reporting Survey 2017” was crowd-sourced from members of the FSN Modern Finance Forum on Linkedin.

810 senior finance professionals responded to the survey covering 23 industries.   56% of the respondents were from Europe, 15% from North America and 10.6% from Asia-PAC.  Approximately half of the respondents were from organisations with more than 1,000 employees. 

The research was kindly sponsored by Aptitude SoftwareBlackLineFinancialForceOracle NetSuite and Workday. Our thanks goes to these organisations for their enthususiastic support as well as all of the memebers of the FSN Modern Finance Forum who participated.