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Expect SG&A budget cuts in 2020 says Gartner

Future CFO

A Gartner survey of 317 CFOs and finance leaders on March 30, 2020, revealed that due to COVID-19 62% of respondents are planning some cuts to selling, general and administrative (SG&A) budgets in their organizations in 2020. Figure 1: Which SG&A functions will likely have their budget cut by more than 10% in 2020?

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How CFOs can stay attuned to evolving market trends

Future CFO

This will serve as a guide for CFOs to embrace change, prioritise cost efficiency, and stay attuned to the ever-changing technological landscape. Navigating financial instability Ongoing discussions of inflation and budget cuts echo across global organisations. This results in CFOs re-emphasising fundamental financial practices.

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CFOs as overseers of digital transformation

Future CFO

As CFOs are in charge of managing finances , coordinating digital initiatives with financial objectives, and determining return on investment, they work with executives, oversee budgets for technology adoption, and assess the risks involved with digital initiatives. Such shifts include digital transformation, of course.

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A Day in the Life: Juvanus Tjandra from KPMG in Singapore

Future CFO

With concerns related to cost and business efficiency high on the radar for many businesses, CFOs can also develop strategic profitability and cost management models, paving the way for the growth of new levels of business in the organisation. It is exhilarating to be part of the change in driving change in the finance function.

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Podchats for FutureCFO: Action items to accelerate finance transformation

Future CFO

In an IBM Global C-Suite study , two-thirds of CFOs surveyed confirmed that their agenda includes taking an active role in developing strategy, driving growth, reducing costs, managing risks and providing insights. How effective is your finance function in supporting the following aspects of enterprise decision-making?

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