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.

Finance departments falling down on the job

There is some harsh news for finance departments... According to a new study by Accenture, senior executives believe their finance departments should be playing a key role in helping them make business decisions - but aren't.

The survey found that 69 percent of senior executives think the most important role that finance performs is to "enable senior management to make the best business decisions" but only 37 percent say their finance departments do a good job of this. Fifty four percent rank their departments as average in this respect.

The respondents also feel that the CFO should take the lead in enterprise risk management - but only 19 percent say their finance department does a good job of managing risk while 21 percent say their department does a poor job.

The results also show that what is expected of a finance executive is changing. More traditional finance responsibilities such as concern for financial transparency, accounting errors and fraud, are now taking a back seat to "strategic financial thinking" which was ranked as the most important attribute for a finance chief, with "a service oriented culture", " a strong capacity for strategic analysis" and "a clear link to overall company strategy" following close behind.

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