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Source: Robert Half and Financial Education & Research Foundation's Benchmarking Accounting & Finance Functions: 2019 report
© 2019 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans.
CFOs REPORT DIFFICULTIES FINDING
PROFESSIONALS WITH REQUISITE SKILLS9 out of 10
Challenges
• Ongoing struggle to find and hire
skilled professionals
• Core teams overloaded
by unexpected projects
• Reskilling or upskilling of most
workers required
• Need for competitive employment
packages to attract and retain talent
Trends
• Increasing use of interim staff
• Management of major initiatives by
outside providers
• Outsourcing payroll and tax functions
still common among many firms
• Enhanced compensation and career
advancement opportunities
Benchmarking Accounting & Finance:
Workforce Management
Source: Robert Half and Financial Education & Research Foundation's Benchmarking Accounting & Finance Functions: 2019 report
© 2019 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans.
OF U.S. COMPANIES NOW USE CLOUD-BASED SOLUTIONS
IN ACCOUNTING AND FINANCE FUNCTIONS58%
Challenges
• Keeping pace with changing technology
a top pressure point
• Lack of budget and time constraints on
efforts to increase automation
• Emerging technologies, like blockchain and
cryptocurrency, requiring expanded skill sets
• Legacy IT solutions preventing or slowing
adoption of cloud-based systems
Trends
• Increasing shift toward technology
solutions to increase efficiency
• Cloud-based technologies now
commonplace in many organizations
• Most companies not planning to
automate processes, like financial
decision making and planning, which
require human strategic thinking
Benchmarking Accounting & Finance:
Automation, Cloud Computing and Financial Systems
Source: Robert Half and Financial Education & Research Foundation's Benchmarking Accounting & Finance Functions: 2019 report
© 2019 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans.
AVERAGE NUMBER OF WORKING DAYS PER YEAR U.S. COMPANIES NEED
TO REPORT FINANCIAL RESULTS24:
Challenges
• Transition to automation affecting
organizationsʼ ability to reduce the
number of general ledger (GL) accounts
• Manual reconciliation processes
still employed by nearly half of
U.S. companies
Trends
• Technology helping organizations move
away from manual processes and reduce
time to close books and report results
• Number of active GL accounts continuing
to trend down
• Automation of routine processes helping
to reduce human errors and freeing staff
to focus on more value-adding initiatives
Benchmarking Accounting & Finance:
Accounting Operations
Source: Robert Half and Financial Education & Research Foundation's Benchmarking Accounting & Finance Functions: 2019 report
© 2019 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans.
OF U.S. COMPANIES NOW USE CLOUD-BASED SOLUTIONS
IN ACCOUNTING AND FINANCE FUNCTIONS59%
Challenges
• Regulatory compliance mandates a top
accounting and finance pressure point
• Struggle to stay on top of regulatory
change and keep employeesʼ skills
current
• Staffing shortages and lack of budget
creating formidable impediments
• Costs of compliance rising along with
compliance burdens for many organizations
Trends
• Automation of internal controls over
financial reporting potentially reducing
compliance costs
• Companies still concerned about potential
regulatory influences disrupting how
they do business
• Majority of organizations having fewer
than 100 key internal controls
• Most firms providing training to staff and
engaging external consultants for support
Benchmarking Accounting & Finance:
Internal Controls and Compliance

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Benchmarking Accounting & Finance Functions: 2019

  • 1. Source: Robert Half and Financial Education & Research Foundation's Benchmarking Accounting & Finance Functions: 2019 report © 2019 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. CFOs REPORT DIFFICULTIES FINDING PROFESSIONALS WITH REQUISITE SKILLS9 out of 10 Challenges • Ongoing struggle to find and hire skilled professionals • Core teams overloaded by unexpected projects • Reskilling or upskilling of most workers required • Need for competitive employment packages to attract and retain talent Trends • Increasing use of interim staff • Management of major initiatives by outside providers • Outsourcing payroll and tax functions still common among many firms • Enhanced compensation and career advancement opportunities Benchmarking Accounting & Finance: Workforce Management
  • 2. Source: Robert Half and Financial Education & Research Foundation's Benchmarking Accounting & Finance Functions: 2019 report © 2019 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. OF U.S. COMPANIES NOW USE CLOUD-BASED SOLUTIONS IN ACCOUNTING AND FINANCE FUNCTIONS58% Challenges • Keeping pace with changing technology a top pressure point • Lack of budget and time constraints on efforts to increase automation • Emerging technologies, like blockchain and cryptocurrency, requiring expanded skill sets • Legacy IT solutions preventing or slowing adoption of cloud-based systems Trends • Increasing shift toward technology solutions to increase efficiency • Cloud-based technologies now commonplace in many organizations • Most companies not planning to automate processes, like financial decision making and planning, which require human strategic thinking Benchmarking Accounting & Finance: Automation, Cloud Computing and Financial Systems
  • 3. Source: Robert Half and Financial Education & Research Foundation's Benchmarking Accounting & Finance Functions: 2019 report © 2019 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. AVERAGE NUMBER OF WORKING DAYS PER YEAR U.S. COMPANIES NEED TO REPORT FINANCIAL RESULTS24: Challenges • Transition to automation affecting organizationsʼ ability to reduce the number of general ledger (GL) accounts • Manual reconciliation processes still employed by nearly half of U.S. companies Trends • Technology helping organizations move away from manual processes and reduce time to close books and report results • Number of active GL accounts continuing to trend down • Automation of routine processes helping to reduce human errors and freeing staff to focus on more value-adding initiatives Benchmarking Accounting & Finance: Accounting Operations
  • 4. Source: Robert Half and Financial Education & Research Foundation's Benchmarking Accounting & Finance Functions: 2019 report © 2019 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. OF U.S. COMPANIES NOW USE CLOUD-BASED SOLUTIONS IN ACCOUNTING AND FINANCE FUNCTIONS59% Challenges • Regulatory compliance mandates a top accounting and finance pressure point • Struggle to stay on top of regulatory change and keep employeesʼ skills current • Staffing shortages and lack of budget creating formidable impediments • Costs of compliance rising along with compliance burdens for many organizations Trends • Automation of internal controls over financial reporting potentially reducing compliance costs • Companies still concerned about potential regulatory influences disrupting how they do business • Majority of organizations having fewer than 100 key internal controls • Most firms providing training to staff and engaging external consultants for support Benchmarking Accounting & Finance: Internal Controls and Compliance