The global consulting firm, Protiviti, conducted a 2021 Finance Trends Survey that revealed some very interesting trends concerning the future of lenders and other financial leaders. The survey concluded that CFOs and VPs of finance will gain additional responsibility and oversee more data in 2022 and beyond. The new tasks being presented to financial leaders have been considered outside their purview until now.
This report comes via an article at CPA Practice Advisor. The Rules of Thumb blog from MoneyThumb has distilled the most pertinent information from that article and the 2021 Finance Trends Survey for the reading convenience of lenders and other financial leaders below:
More than 475 CFOs and VPs of finance participated in the global survey in July and August 2021. In addition to presenting findings from these CFOs and VPs of finance, the survey report, titled "Security, Data, Analytics, Automation, Flexible Work Models and ESG Define Finance Priorities,” also shares insights from respondents at the director and manager levels. Comparisons of the differences between the responses by level provide additional insights for senior leadership. The full survey findings reflect responses from 1,010 finance professionals worldwide at both public and private companies across a range of industries.
“The groundswell of regulatory actions and stakeholder interest that have quickened in the past year has made it undeniably clear that ESG reporting is set to become another one of the finance department’s many responsibilities,” said Wright. “ESG reporting presents an opportunity for companies to share what they’re doing to deliver sustainable value for their shareholders, while also addressing the interests of their customers, employees, and communities.”
For ambitious lenders and financial leaders, this is very good news. More responsibility, with the right attitude, almost always turns into more opportunity. And speaking of opportunity, did you know that MoneyThumb has a product specifically designed for lenders to help make better informed and quicker lending decisions? PDF Insights is being called The Next Generation of Underwriting Automation. To learn more about PDF Insights from MoneyThumb, follow this link. There you can request a free live demo.