COVID-19 pandemic increased the investment appetite of organisations: Survey

WNS (Holdings) Limited, a provider of global Business Process Management (BPM) solutions, on Monday announced the release of the 2022 Global CFO Survey report titled Separating Chatter from Reality by Everest Group, supported by WNS.

According to WNS, the survey polled 300 CFOs and their direct reports from large global enterprises across eight different industries to assess how the roles and business imperatives of CFOs have evolved since the previous study conducted in 2020. The survey also highlights the differences between aspirational themes and those initiatives currently taking place across the global Finance & Accounting (F&A) landscape.

“In 2020, the study concluded that the COVID-19 pandemic had created the need to accelerate transformation journeys to build future-ready enterprises. The top organisational challenges included ‘adapting to customer demands’ and ‘supply chain continuity.’ However, in 2022, challenges such as ‘cost and pricing pressures,’ ‘increasing risk exposure,’ and ‘talent shortage’ have moved to the forefront as a result of the current macroeconomic environment. Today, 68 percent of organisations are adopting cloud infrastructure, while 61 percent are re-assessing compliance, controls and policies to make the F&A function more agile and resilient in responding to these challenges,” read a statement from the company.