The top priorities for finance teams

Workday announced the results of its latest survey of chief financial officers (CFOs). The survey focused on how finance leaders plan to evolve their teams and what investments are needed to meet the future demands of finance. The results show that CFOs are investing vigorously in technologies that can be used to attract and retain talent. What is striking is that new skills are more in demand to make finance teams fit for the future. By using innovative technologies, CFOs are looking to improve the employee experience to help address the tight labor market. CFOs are placing a high priority on positioning themselves as technology-savvy employers that are continually expanding their AI and ML capabilities. When asked about critical skills that were not in demand five years ago, 57 percent of respondents said they prefer to hire candidates with AI and ML skills. -Parallel to this, CFOs want to position finance even more strongly as a strategic business partner.