FSN's Innovation in the Finance Function Global Survey 2018 finds almost three quarters of organizations do not take a 'balanced' approach to innovation

18th April 2018

FSN’s Innovation in the Finance Function Survey 2018 is one of the largest surveys of its kind covering responses from than 1,000 senior finance professionals worldwide. It is the first time that there has been an in-depth study of attitudes to innovation in the finance function and it reveals startling insights about the appetite for finance innovation, including the impact of culture, attitudes to risk, organizational politics, style of project investment and levels of confidence in measuring return on investment.  

Customer-facing technology investment has long been the vanguard of new technologies. But organizations that continue to focus on front-office functions to the detriment of back-office systems, or worse, those that have no strategy for innovation investment at all, are slower and less accurate at forecasting than organizations with a balanced approach. This means looking at the organization in the round, identifying the need in both the front and back office, and ensuring resources are distributed in a balanced manner. 

 

Innovation in the Finance Function Global Survey 2017 related Infographics:

FSN's Innovation in the Finance Function Global Survey 2018 finds differing attitudes to innovation in the finance function around the world

FSN's Innovation in the Finance Function Global Survey 2018 shows 'true Innovators' perform better

FSN's Innovation in the Finance Function Global Survey 2018 shows 65% of finance functions are not actively committed to innovation

FSN's Innovation in the Finance Function Global Survey 2018 finds failure to innovate in the finance function is holding back the whole business

 


 

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The research was conducted amongst the 51,000 members of the FSN Modern Finance Forum on Linkedin and represents one of the largest and most authoritative global surveys of its kind.

1,037 senior finance professionals responded to the survey covering 23 countries and 13 industry sectors.  Approximately half of the respondents were from organisations with more than 1,000 employees and a quater with more than 10,000 employees. 

The research was sponsored by AnaplanBlacklineBOARD International, CXO CockpitOneStream SoftwareOracle-NetSuiteProphixSAPTagetik and Workiva

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