Finance Executives Face Pressure in Control of Cash Flow
In a survey conducted recently, finance leaders are under pressure to better manage earning and margins performance, cyber and cash flow security. The survey conducted by the Financial Executives Research Foundation and the Protivi consulting firm showed that finance professionals and CFOs are worried about volatility intensity as a growing set of priorities are addressed. The survey polled more than six hundred and fifty CFOs, corporate controllers, finance vice presidents, finance managers and corporate control professionals.
Earning and margin performance ranked top for the polled executives who were cited by 73 % of respondents then by 69 % who cited tax planning, strategic planning and forecasting. On the other hand, 68 % cited periodic budgeting and forecasting. Earnings and margin performances ranked as top priority across all the groups of survey respondents, confirmed Ryan Senter in a statement who is the Protiviti managing director and leader of the company business performance improvement practice. With modest economic recovery in past years, finance functions are preparing the organization for challenges which can materialize at any time by working in margins preservation and sustaining strong focus on the working management of capital.
Among several respondents, Cyber security also ranked high and was cited by 81 % of CFOs and polled finance VPs. Cyber security is regarded as an issue of the top boardroom, drawing significant attention and time from the finance personnel.