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Finance
Market Narratives
CFO Transformation Challenges
Feb 25, 2025
Finance transformation efforts are facing growing structural challenges, with funding now the top barrier, overtaking operational concerns like time constraints and ROI.
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Finance transformation efforts are facing growing structural challenges, with funding now the top barrier, overtaking operational concerns like time constraints and ROI. Organisations are struggling to balance innovation with legacy system management, as technical debt and resource shortages hinder progress. Additionally, cultural resistance and executive support gaps highlight the increasing importance of change management in driving successful transformation.
Core Insights:
The resource crisis: Finance transformation faces structural constraints
- Funding has surged to the #1 barrier in 2024 (up from #5), highlighting growing financial constraints.
- Staffing shortages and skills gaps are now among the top five challenges, indicating a widening capability gap.
- Technical debt remains a persistent issue (#3), compounding the pressure on available resources.
Legacy vs. innovation: The struggle to fund transformation
- Organisations are caught between maintaining legacy systems and investing in new capabilities, with technical debt ranking as a top challenge for two consecutive…