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CFO Insights: Becoming Data Driven
Feb 24, 2025
Australian CFOs are undergoing a data-driven transformation to improve decision-making, manage risk, and optimise costs.
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Australian CFOs are undergoing a data-driven transformation to improve decision-making, manage risk, and optimise costs. While there is strong recognition of the value of data, challenges remain in scenario modelling and deriving actionable insights. As finance leaders become more evidence-based, they position themselves to drive business performance and uncover new growth opportunities.
Core Insights:
Scenario modelling remains a major challenge
- 79% of CFOs struggle to derive actionable insights, limiting their ability to forecast and hedge against risks.
- Although scenario modelling is considered a key success metric for data-driven finance, a decline in analytics investment is making it harder to execute effectively.
Data-driven finance enables cost and risk management
- CFOs prioritise cost optimisation…