Becoming a Finance Superhero
Today’s Chief Financial Officers (CFOs) are under increasing pressure to drive the growth of a business. Following a survey, the percentage of firms getting optimal or near-optimal performance from their finance functions was more like 25 percent — a top quartile called the ‘finance superheroes’. This report by Cognizant
, explores what makes a superhero different, how that mindset manifests in practice and what concrete changes can aspiring 'superheroes' make as finance leaders look to keep up with new pressures.
Key takeaways include:
36 percent of ‘finance superheroes’ are driving transformation programmes across all functional towers, compared to just 16 percent of aspirants.
'Superheroes' are adopting and scaling emerging technologies more quickly than aspirants — for example, 74 percent of 'superheroes' adopt analytics and big data tools compared to just 53 percent of aspirants.
'Superhero' companies are happy to devote significant time and resources to developing, retaining, reskilling and attracting talent for their finance teams.