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CFOs struggle to turn strategic ambitions into action as operational demands persist

Chief financial officers at large organizations are struggling to fulfill their ambitions as strategic value creators, with an EY survey of 1,610 finance leaders finding that 60% believe they should shape value creation, but only 26% lead discussions on key value drivers. Operational responsibilities, including compliance, reporting, and internal controls, consume about 47% of CFOs’ time, while many also struggle to measure returns from technology and transformation investments. Financial services leads other sectors in AI readiness, but only 31% of its CFOs consider their organizations advanced or leading, with data quality, uncertain long-term benefits, and skills shortages limiting adoption. Transformation results also remain weak, with just 12% of CFOs saying initiatives exceeded expectations over the past two years, highlighting the importance of adaptable teams, stronger leadership development, and greater capacity for strategic decision-making.

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