Australian CFOs are balancing the demands of traditional financial management with the need for digital transformation. While cost optimisation and efficiency remain top priorities, challenges such as skill shortages, siloed operations, and gaps in automation capabilities are slowing progress. The tension between short-term cost pressures and long-term strategic investments underscores the need for CFOs to bridge financial stewardship with digital innovation.
Core Insights:
Balancing transformation and tradition: The CFOs’ dual mandate
- CFOs remain confident in traditional finance competencies but struggle with newer areas like automation and AI integration.
- Organisational silos and capacity constraints are significant barriers to transformation, slowing progress on digital initiatives.
- The challenge lies in modernising finance while maintaining stability and fiscal discipline.
Delivering value amidst constraints: Overcoming barriers to IT and digital investment
- Many CFOs express concerns about tracking IT spending and managing technical debt, limiting their ability to demonstrate ROI.
- Short-term financial…