FSN's Innovation in the Finance Function Global Survey 2018 finds lack of agreed measure is halting innovation

23rd 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.  

To make the case for innovative investment, CFOs and their senior finance executives need to be able to measure the return on investment (ROI), but there is very little agreement on how to go about it. Only a quarter of CFOs believe traditional methods of ROI are suitable measures of innovation success, and they don’t capture adequately the intangible benefits of digital innovation. 

 

Innovation in the Finance Function Global Survey 2017 related Infographics:

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

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

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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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