CFO & Financial Leadership Barometer Factsheet for Germany
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Transcript of CFO & Financial Leadership Barometer Factsheet for Germany
GLOBAL INSIGHTS
CFO & FINANCIAL LEADERSHIP BAROMETER
As priorities return to core value creation, what’s top of mind for GERMAN CFOs & FINANCIAL LEADERS?
To SUCCESSFULLY DEAL with a broader remit, German financial leaders must combine STRATEGIC THINKING with excellent SKILLS IN FINANCIAL MANAGEMENT, communication and change leadership
Today’s German CFO unites in-depth financial expertise with additional capabilities in IT, legal, HR and procurement – DO YOU HAVE THE TALENT YOU NEED?
GERMANY
Process optimisation 71.6% 59.6%
Cost optimisation 59.1% 61.1%
Cash & liquidity management 40.3% 48.2%
ERP implementation 30.7% 23.3%
Mergers & acquisitions 27.3% 21.4%
Financial risk management 21.0% 30.8%
Transfer pricing 15.3% 12.7%
Implementation of new policies 48.9% 50.0%
Software implementation(s) 47.2% 47.0%
Centralisation 36.4% 23.9%
Shared service centers 29.5% 25.5%
Outsourcing 15.9% 13.6%
Insourcing 8.5% 6.4%
Decentralisation 4.0% 7.4%
No significant changes 19.3% 18.8%
The figures on this infographic are based on responses from 176 German financial leaders.
Legal
38.5%Global: 36.5%
Human Resources
44.2%Global: 33.7%
Procurement & Supply chain
28.8%Global: 23.6%
IT
57.7%Global: 41.1%
Administration
51.9%Global: 57.6%
Finance
100%Global: 100%
In the current scope of German CFOs
Changes planned over the next 12 months
Top priorities over the next 12 monthsGlobal:
As their roles become broader and more strategic,
GERMAN FINANCIAL LEADERS are GENERALLY HAPPY in their position
HAPPY65.9%Global: 75.0%
UNHAPPY34.1%Global: 25.0%
Almost 3 out of 4 German companies find it
difficult to hire the right financial talent – ARE YOU
RECRUITING THE TALENT YOUR BUSINESS NEEDS?
NOT EASY72.7%Global: 65.9%
EASY27.3%
Global: 34.1%
Where do German CFOs see themselves in two years’ time?
Once regarded as a stepping-stone to CEO, the CFO role is now A CAREER AMBITION in its own right
Same position with a larger remit
42.3%
Same position
38.5%
Interim manager
Global: 2.7% Global: 1.7%Global: 24.0%Global: 43.1%
1.9%
CEO or Managing Director
1.9%
= ==
Please, note that figures marked in orange or green are significantly below / above the global average.
As their own role diversifies, more than half of German financial leaders are ACTIVELY looking TO RECRUIT
experts to take on core finance functions
Controlling
31.2%Global: 24.9%
Accounting
19.3%Global: 23.0%
Cash management
7.4%Global: 8.5%
Risk management
8.5%Global: 6.3%
Financial planning & analysis
8.5%Global: 19.8%
Global:
German financial leaders are mostly recruiting for…