The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

CFOs held back by poor performance management, warns survey

?The days of the CFO acting as a financial policeman are numbered, instead,.CFOs will increasingly become strategic business advisors with greater influence on corporate strategy. This is just one conclusion from the most recent global CFO survey by IBM business consulting.


But to become the strategic business advisor, according to the survey, CFOs must strongly improve a number of areas in finance. Half the respondents claim they lack key skills and staff and only 19% believe they have adequate IT.


Part of the problem is performance management. Although two thirds of respondents view performance management and the improvement of shareholder value as their main priorities, it still seems the complexity of business issues is running ahead of the techniques used to manage its performance, and as a result, CFOs are losing out on investment.


“CFOs recognise that they are central to driving performance management and governance processes that lead to competitive advantage,” said Gregor Pillen, partner and EMEA financial management leader at IBM business consulting. “The challenge is making those significant changes in service while at the same time dramatically restructuring the cost of service.”


The survey reached over 450 CFOs across the globe.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree