CFO Survey: Business Systems, Accounting Top List of Projects Companies
Plan to Outsource to Financial Consultants in Next 12 Months
TORONTO, Nov. 25, 2013 /CNW/ - Chief financial officers (CFOs) were
recently asked which projects they were likely to outsource to
financial consultants and interim managers in the next 12 months.
Business systems and performance upgrades, which include areas such as
system implementation, conversion and integration, or business
intelligence, were cited most often, followed by finance and
accounting, and risk, governance and compliance.
Fifty-nine per cent of CFOs who said they plan to bring in consultants expect them to be
for business systems and business performance improvement projects. Forty-six per cent of CFOs plan to use project professionals for finance and accounting
and equal number plan to do the same for risk, governance and
compliance (e.g., regulatory reporting, internal audits and internal
controls.) Finance optimization (e.g., mergers and acquisitions) (43 per cent) and taxation (37 per cent) were also priorities.
The survey was developed by Robert Half Management Resources, the world's premier provider of senior-level finance, accounting and
business systems professionals on a project and interim basis. It was
conducted by an independent research firm and is based on interviews
with nearly 140 Canadian CFOs from a random sample of companies that
work with financial consultants.
CFOs were asked, "Which of the following areas are businesses likely to bring in financial
consultants or project professionals in the next 12 months?" The top responses were*:
Business systems and performance improvement (e.g.,
system implementation, conversion and integration)
Finance and accounting
Risk, governance and compliance
Finance optimization (e.g. finance remediation)
*Survey participants were allowed multiple responses.
"We know from our 2014 Salary Guide that accounting and finance trends next year are pointing towards a
more specialized workforce, with companies looking to integrate more
specific expertise in various areas of their business," said David
King, Canadian president of Robert Half Management Resources. "It's no
surprise, then, that CFOs are seeking interim managers who can
supplement their existing resources with more focused knowledge and
proficiency in the areas of system implementation, conversions and
integration, in addition to finance and accounting."
King added, "Introducing interim project managers into the mix is an
opportunity to acquire a source of specialized expertise and also to
help alleviate the strain on internal resources a company may
experience while trying to navigate and manage new or evolving areas of
About Robert Half Management Resources
Robert Half Management Resources is the premier provider of senior-level
finance, accounting and business systems professionals to supplement
companies' project and interim staffing needs. The company has
locations worldwide and offers online job search services at roberthalfmr.com. Follow Robert Half Management Resources at twitter.com/roberthalf_CAN for workplace news.
SOURCE: Robert Half Canada
For further information:
416.350.2330 ext. 62132