70% of CFOs say investing in digital tech is a priority

TEXAS, UNITED STATES – Seventy per cent of finance executives say that digital technology expansion is a top priority in their firms.

Research firm Everest Group revealed in its 2022 Global CFO Survey that investing and implementing digital technology that improves efficiency, and stakeholder experience became a top priority in most firms in 2022. 

Of the respondents, 67% say that their organizations focused on identifying cost optimization and productivity opportunities while 63% said they focused on artificial intelligence to drive insights. 

63% also believe that in the advent of the pandemic, building a robust compliance and risk management practice is important.

Data management improvement also emerged as a top priority, with 62% of the surveyed chief financial officers (CFO) saying so. 

Everest Group’s 2022 Global CFO Survey collected insights from 301 CFOs and their direct reports across major geographies including North America, UK & Europe, Asia Pacific, and the Middle East and Africa.

The key industries surveyed were insurance, CPG & retail, hi-tech & technology, life sciences, manufacturing, airlines, and hospitality.