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Market Narratives
Measuring ANZ Finance Capabilities: 2024 Benchmark
Feb 28, 2025
The report examines the evolving maturity of ANZ finance functions, highlighting strong confidence in traditional finance capabilities but notable gaps in transformation and automation.
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The report examines the evolving maturity of ANZ finance functions, highlighting strong confidence in traditional finance capabilities but notable gaps in transformation and automation. It explores year-over-year trends, future readiness concerns, and the growing divide between legacy strengths and digital weaknesses.
Core Insights:
The two-speed finance function: Balancing legacy strengths with digital weaknesses
- While core finance competencies remain strong, with 76% maturity in financial planning and 69% in resource allocation, digital finance capabilities lag significantly.
- Automation (38%) and IT investment management (37%) show limited progress, leading to a widening gap between traditional and modern finance skills.
The transformation challenge: Stagnation in modernisation efforts
- Business transformation remains the weakest area, with only 38% maturity—showing little improvement year over year.
- Performance metric adoption, critical for future finance strategy, remains low (47% mature) despite increasing pressure for data-driven decision-making.
Future finance capabilities: Addressing readiness gaps
- Confidence in…