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2014 Finance Priority Survey Infographic- 3rd edition - Protiviti

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In many ways, corporate finance functions encounter challenges similar to those that confront teams of mountain climbers as they determine how to best scale snowy peaks. Just as climbers must employ advanced skills and training to negotiate such uncertain terrain, so, too, must CFOs and finance executives and professionals possess the knowledge and skills required to navigate a business landscape that’s becoming increasingly uncertain and potentially hazardous for their organizations. Read more: www.protiviti.com/financesurvey

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2014 Finance Priority Survey Infographic- 3rd edition - Protiviti

  1. 1. TOP PRIORITIES FOR CFOs AND FINANCE PROFESSIONALS IN 2014 REACHING THE PINNACLE OF PERFORMANCE IN CORPORATE FINANCE Just as mountain climbers must employ advanced skills and training to negotiate uncertain terrain, so, too, must corporate finance functions possess the knowledge and skills required to navigate an increasingly uncertain — and potentially hazardous — business landscape. Protiviti surveyed more than 220 CFOs and finance executives and professionals to learn how corporate finance functions plan to scale that mountain successfully in 2014. Respondents were asked to rate, on a scale of one to 10, the level of priority for them and their organizations to improve in different finance issues and capabilities. A “10” rating indicates the issue is a high priority while a “1” indicates the issue is a low priority. GEARING UP FOR THE CLIMB Managing cash flow, working capital and the period-end close efficiently and effectively is key. TOP PRIORITIES – FINANCIAL TRANSACTIONS AN AVALANCHE OF DATA Harnessing business intelligence and big data are critical for strategic planning, forecasting, budgeting, and profitability analysis. TOP PRIORITIES – FINANCIAL ANALYSIS Strategic planning: 7.0 Cash forecasting: 6.8 Periodic forecasting: 6.9 Period-end close: 6.7 Budgeting: 6.8 Account reconciliations: 6.4 Performance management: 6.6 Working capital management: 6.2 Profitability analysis: 6.6 Banking relationships: 6.0 UNCERTAIN REGULATORY TERRAIN Major and looming changes to U.S. healthcare regulations, U.S. tax laws and other business regulations represent major concerns. TOP EMERGING ISSUE: CHANGES TO U.S. HEALTHCARE REGULATIONS All respondents: 6.5 Among CFOs/finance executives: 6.9 TOP PRIORITIES – TECHNICAL CAPABILITIES U.S. tax laws: 6.1 Higher priority among large companies: 6.5 Domestic regulations (tax): 6.0 #1 Among large company respondents: 6.0 How will your company reach its peak in 2014? To learn more and benchmark yourself against our research results, visit protiviti.com/FinanceSurvey. among CFOs/finance executives Tax planning/forecasting: 5.8

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