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FSN's Innovation in the Finance Function Global Survey 2018 finds innovative finance functions attract technology savvy talent

14th May 2018

FSN's Innovation in the Finance Function Global Survey 2018 finds innovative finance functions attract technology savvy talent

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.  

Successful innovation requires three main ingredients – people, process and technology. Technology may get the most amount of airplay, but without the people and processes to make the best use of technology, innovation projects will fail to produce the desired results. To drive change, organizations need innovation champions and a dedicated budget to most prudently and effectively spend it. 

The need to innovate in the finance function can no longer be ignored, 63% of organizations that don’t discuss innovation believe they are in danger of their finance processes falling behind the rest of the business.  Moreover, the survey finds that innovative companies attract innovative people. Almost 90% of senior finance executives would relish the opportunity to lead a truly innovative project, and 73% would even change organizations to be more involved in innovation. 

 

Innovation in the Finance Function Global Survey 2017 related Infographics:

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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

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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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