Do You Know the Future of Finance Leadership?

96% of finance leaders today anticipate that the role of finance within their organization will undergo dramatic change over the next three years. Are you prepared? 

Traditionally anchored in daily finance and budget management, successful finance leaders in the years to come will have to embrace a broader, more strategic role that encompasses more company-wide decision-making and innovation. The journey ahead will be complex, yet the opportunities are boundless — if you’re brave enough to face the future head-on. 

This new report, presented by Platform Technology Advisors, will help. With insights drawn from industry experts, far-reaching research, and interviews with 1,221 senior finance leaders worldwide, the report comprehensively explores how modern finance leaders can transcend traditional boundaries to embrace the swiftly approaching future. 

Access the report now so you can learn the top 14 tasks that finance leaders expect to spend their time on in the next 3 years, the top 5 skills crucial to finance leadership success, and other critical insights uncovered by the research. 

Here are the top 3 insights:

1. Your Influence Will Reach Further in the Years Ahead

60% of today’s finance leaders see a future where their insights increasingly influence company-wide strategy. To that end, 56% of leaders are preparing for a heightened demand for them to offer broader business council that steps outside the traditional finance domain. To do so, they need to build and use skills across every area of the company.

Stepping so far outside of your role can seem uncomfortable and complex. However, though this move will test your limits, it will also offer unprecedented opportunities for you to shape the future of your organization. 

In the report, you’ll discover the top practices of successful finance leaders, many of which are outside the finance role. In fact, the report shows that 7 of the top 10 most significant challenges for finance leaders come from outside the traditional role of finance. 

2. Technology Will Be Necessary for Effective Finance Leadership in the Future

We can all tell that the finance domain is on the brink of a significant evolution. The report shows that 68% of finance leaders have integrated cutting-edge technology into their operations already, and 74% state that more than half of their finance processes are now automated.

These updates are increasing finance efficiency, but that’s only the beginning. 86% of leaders predict that technology will significantly change their roles in the future, mainly because today’s tech shift is expected to empower you to redirect your focus toward tasks that add excellent value to your organization. 

81% of surveyed leaders stated that automation frees them up for more strategic initiatives, and 78% have observed thatthis positively affects their interactions with other C-suite members and Board directors.  In short, 78% of finance leaders believe that implementing cutting-edge tech into finance is no longer optional but is now necessary for companies that want to maintain their competitive edge in the future. 

To help you stay competitive, the report details the 17 technologies your peers have already adopted and the 4 most significant technological changes expected to impact your role over the next 3 years. 

3. Tech Offers a Way to Reclaim Your Work/Life Balance

It will be no surprise to the finance leadership team that 87% of survey respondents reported experiencing regular stress, and 83% reported feeling burnout due to the intense pressure and demanding nature of their roles. 

Sky-high ambition in this role likely also contributes to this issue. As the report shows, 95% of finance leaders feel ambitious, and 47% aim for top leadership positions in the future, such as CEO or business owner.  

Of course, there’s a disconnect here. We all know that extreme stress and burnout only make it harder to achieve one’s goals — and that is why financial leaders need to address this issue quickly. 

Fortunately, technology provides a straightforward way to alleviate stress through automation and AI assistance. By strategically leveraging tech in the future, ambitious leaders can make time management, agility, and resilience critical in their attitudes, which promises to drive success in their role, their business, and at home. 

Are You Prepared for Your Future? 

In a world where change is the only constant, the finance leaders who thrive will be those who adapt, innovate, and lead with empathy and insight. 

Begin Building Your Insight. Access the Report Now.

The team at Platform Technology Advisors provides 30 years of accounting and wealth management expertise to help you fully understand what you’re getting in accounting and ERP software, along with why it’s so important for your business — all while advising you each step of the way. Contact us to learn more.