CFO challenges - Keeping pace with the fast pace of tech growth

CFOs have a good view of the overall health of the company and what is needed to position the business for success.

• the current decade is one of the most exciting and transformative in the mining industry’s history say Deloite - Tracking the Trends
• innovative CFOs are making the time to help unlock tech ROI, with 58% saying they’re spending more time on tech investment and implementation compared to a year ago – PWC Pulse survey,

As practical strategists with an enterprise-wide view, CFOs can aid in the business case for funding new ways to do business, and 44% say increasing the use of tech to reduce costs is very important to fund in the next 12 months.

In a capital-constrained environment, tech investments need to help advance enterprise strategy and modernize the finance function. Cost reduction through automation accomplishes both.

As they think about the next three to five years, CFOs also see fewer significant challenges related to cost (36%) and value extraction (31%) from tech compared to other executives overall, (42% and 36%, respectively). By nature of their roles, CFOs can help their C-suite peers connect dots and address these challenges.