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

4th 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.  

Regional differences, especially between economically advanced and developing nations colors attitudes to whether innovation is supported and, if it is does have management backing, where investment is most needed.  The survey shows that North American organizations are less risk averse, while European companies are held back by the perceived risk of failure.

Europe was the most conservative in its approach to innovation, had more issues with finding top talent and was less able to make a business case for innovation than their North American peers. Obviously each business is different, and there are very successful and innovative organizations in all regions, but it is worth understanding these regional differences when CFOs look to tackle the obstacles in their path. That is when they have time…

Nevertheless, wherever finance professionals reside and no matter how sophisticated their investment plans, all agree that the number one priority for innovation is around the need for better business insight. 

 

Innovation in the Finance Function Global Survey 2017 related Infographics:

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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