Global growth finally appears to be back on the agenda. Since Accenture last conducted its High Performance Finance Study in 2011,1 many organizations have made significant progress in handling the powerful external forces that have buffeted them since the financial crisis first struck in 2008. We are now seeing leaders successfully deliver growth in a complex and volatile global economy.
The finance function has played a vital role in helping companies to overcome the challenges of the past few years, and the Chief Financial Officer (CFO) is now the Chief Executive Officer’s (CEO) go-to partner for driving operational transformation and strategic execution. CFOs have helped companies to impose the discipline over costs, cash and capital that has been necessary for survival, and advised business leaders on how to allocate scarce resources against a highly challenging backdrop. Such influence is even clearer among high-performance businesses. Thus the CFO can be the architect of business value, providing the means, the tools and the acumen to design for and deliver valuable business outcomes.
Our study comprised surveys of more than 600 senior finance executives, as well as interviews with more than 30 CFOs and other senior finance professionals.