We asked 150+ finance leaders across industries about their top priorities for this year. A majority (56%) said they would focus on managing costs. Finance leaders stated that they will also seek deeper insights and technological support to reduce risks and manage liquidity.
While 41% of mid-market finance leaders fear that COVID shutdowns may derail their growth plans again, mid-market CFOs are grappling with other challenges such as price hikes, skills shortages, outdated technology stacks, and cyber risks as well.
Despite the challenges, almost 30% of the companies are confident of growing their revenues by 50% or more. Scaling for growth, managing cash flow, and improving customer experiences are other items on mid-market CFO agendas. According to 86% of finance leaders, accounts receivable (AR) automation helps save costs significantly and is crucial to keep pace with competitors.
Download the survey report and explore what your peers are planning for the year, in various areas including:
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