The State of Finance Departments and CFO´s 2019/2020

You are participating in a survey done by Konsolidator. The survey examines the state and future of finance departments of 2019/2020.

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* 1. What is your job title?

CFO/VP Finance

Controller

Accountant

Other

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* 2. How does your company currently do financial consolidation?

Excel

CPM (e.g. Cognos, Hyperion)

ERP

Other

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* 3. How is the ratio between the time you spend preparing the financial report (including consolidation) and the time you spend on the subsequent analysis?

25/75

50/50

75/25

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* 4. Do you use Robotic Process Automation (RPA) in the finance function?

Yes

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* 5. Do you use artificial intelligence (AI) in the finance function?

Yes

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* 6. Do you use Power BI or other form of visualization in the finance function?

Yes

We are considering

We are currently testing

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* 7. Do you use predictive analytics in the finance function?

Yes

We are considering

We are currently testing

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* 8. Is your company well prepared to implement new digital trends in the finance function to increase efficiency?

Yes

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* 9. How do you think finance functions can add more strategic value to their businesses?

Through process automation

Through increased digitization

Through training and guidance

Through recruitment of new competences

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* 10. Do you believe that the technological advances will enable you to increase and improve your efficiency through digitization and automation?

Yes

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* 11. What do you consider to be the main challenge for the finance function in 2019/2020?

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* 12. What do you consider to be the greatest opportunity for the finance function in 2019/2020?

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* 13. Do you want the results of this survey, as well as expert advice on digitization for you to become a better finance professional?

Yes

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