James Fortnam’s Post

Our latest CFO survey shows CFOs much more optimistic about the future with 3 in 4 expecting revenues to rise over the next 12 months.

For the first time in 3 years, Australian CFOs are showing signs of cautious optimism. While there is a broad recognition that we aren't out of it yet, there are definitely encouraging signs on the horizon. #Deloitte's latest CFO sentiment explores this and more. #Deloitte #DeloitteAU #CFOAdvisory #FinanceTransformation #AuditandAssurance

#cfo #signals What North America’s top finance executives are thinking—and doing Second quarter 2024 results with a focus on CFO succession planning & board roles. "The results of the quarter’s survey can be characterized by caution. A large proportion of surveyed CFOs may be waiting for more tangible, quantifiable, evidence that the economy is on the right track. Key takeaways from the survey ➡ CFOs rank the economy as the top external risk.  ➡GenAI is fueling talent concerns.  ➡Debt or equity financing? Neither, say the vast proportion of surveyed CFOs. ➡Equal parts optimism, pessimism. CFO Succession Planning and Board Roles One in four respondents say their organizations do not have a formal CFO succession plan—somewhat unexpected considering the survey group consists of businesses with at least a billion dollars in revenues. At companies that do have such blueprints, 29% of finance chiefs indicated their CEO holds primary responsibility for creation and upkeep of the plan. Another 24% attributed the responsibility to the Chief Human Resources Officer or human resources. The survey revealed 37% of respondents view operational experience as one of the three most important factors in identifying potential replacements. Familiarity with new technologies—including GenAI, machine learning, and cloud computing—was cited by 30% of respondents. The survey also underscored the changing nature of the CFO role. FP&A skills was only cited by 24% of participants. That put it far down the list. We wanted to know what qualities finance chiefs think will land them a seat on a board. What we found was notable. Financial expertise did not make it into the top three. Instead, the highest percentage (39%) of respondents selected good communications skills—that is, the ability to explain results in clear and simple terms." Source: Deloitte

On December 11, EY leaders will join for a #webinar to explore the transformative trends from the 2024 EY Global DNA of the Financial Controller Survey and the 2024 EY Global Corporate Reporting Survey. Register here: https://ow.ly/rKaN30sI1Lu #EYCanada #EYFinance #ShapeTheFutureWithConfidence

It’s been a pleasure to share together with Kiarra Ganamany CA(SA) our vision about transforming data into insights through a strong Enterprise Performance Management (EPM), and all the challenges and opportunities that come along with it. If you have any additional questions or insights, don’t hesitate to reach out or share! #DynamicFinance #Data #Insights #PerformanceManagement

At Grant Thornton UK, we asked 500 finance leaders about their key opportunities and challenges for their finance function, as well as how they anticipate their role will evolve over the next few years. 80% of CFOs say that M&A will contribute 'significantly' or at least 'moderately' to their financial growth strategy over the next 12 months – discover the insights and expert analysis behind these findings here: https://lnkd.in/e9cM6qQB #CFO #Deals #M&A

The EY CFO Survey 2024 continues a trend of Finance leaders finding Talent Attraction & Retention to be both a key priority and a potential barrier to growth for their organisations. Listen to Derarca’s interview on Morning Ireland here - https://lnkd.in/euuZEnmc

More than 500 Chief Financial Officers from the largest and most influential companies based in 15 Central European countries participated in the 16th edition of #Deloitte CE CFO Survey. This study is firmly established as the annual most accurate barometer of CFOs’ sentiment and strategies in the region and serves as a benchmark for CFOs in evaluating the financial attitude of their peers in the corporate community around Central Europe. Do you want to hear what are the sentiments of other CFO's? Some of the key outcomes are below. Economic Outlook: CFOs' expectations for GDP growth have increased from a year ago. They anticipate a threefold increase in GDP growth over the previous year. Business Environment Outlook: CFOs expect the costs of doing business to rise in many categories, particularly in terms of labour. On the other hand, administratively regulated factors, such as VAT and corporate tax are not widely expected to change; Geopolitical threats and a lack of qualified workers are the two most identified risks for 2024. About 30% of exporters believe that supply chain disruptions is a critically important topic, but only 6% feel the same about climate change. Company Growth Outlook: Although the market is now more optimistic than it was a year ago (36% vs. 25%), business attitude is still heavily influenced by caution and uncertainty. CFOs' primary priorities in 2024 will be cost containment, organic growth, and market expansions; The respondents predicted that revenues will definitely increase, and as a result, they anticipate CAPEX to increase; Due to the expansion trends predictions, companies are planning to increase employment and reduce debt.