Companies are well-served by playing in fewer industries, entering fewer geographical markets, and having simpler product portfolios than peer firms.
In these disruptive times, finance chiefs should invest for scale, root out scope creep, and adopt a customer-centric mindset, says Gartner.
Risks related to data management push cybersecurity preparedness out of the lead on the list of worries for chief audit executives: Gartner.
But executives should shore up issues involving products, productivity, and customer experience before deciding how to digitally transform, Gartner says.
Finance departments are reluctant to remove humans from the financial reporting progress, but Gartner says that misses opportunities for efficiencies.
Workers want pay raises of 10% to switch employers, but companies are offering them 15% hikes: Gartner report.
Basing career culture on experiences instead of titles and promotions can lower the cost of new hires and help retain valued employees: Gartner.
Concerned about their digitalization strategies and talent pipelines, companies see the fast-changing business world as a major threat: Gartner.
In making software-buying decisions, finance organizations are too focused on gaining efficiencies and not enough on future digital needs, says Gartner.
Only one in five finance chiefs are "personally effective," according to Gartner research.
A lack of commitment to working as partners with shared services organizations dooms finance to missing out on optimizing the value of shared services.
Doing both results in significantly improved return on invested capital, Gartner advises.
