01/20/2022 | Press release | Distributed by Public on 01/20/2022 08:08
PLEASANTON, Calif., Jan. 20, 2022/PRNewswire/ -- Workday Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today published the results of its latest chief financial officer (CFO) survey, which focuses on examining how finance leaders are growing and developing their teams, as well as what investments are needed, to meet the evolving demands of the finance function. The study reveals CFOs are eager to invest in technologies to help retain and attract talent, and a marked shift in the skills they're seeking in finance workers as they future-proof their teams.
Workday surveyed more than 260 global CFOs to better understand the challenges they're facing, emerging imperatives, and the degree to which they're set up to keep pace with the fast-changing world of work. The survey found that, while talent scarcity and budget constraints remain top challenges, CFOs plan to invest in consumer-like technologies that will help improve the finance employee experience as they seek to mitigate the tight labor market. It also found that finance leaders are prioritizing new hires with artificial intelligence (AI) and machine learning (ML) experience, as well as those with analytics and data storytelling skills - traits CFOs were not searching for five years ago.
Key survey findings show:
Comment on the News
"In this fast-changing world of work - with fierce external competition, labor shortages, and regulatory demands - the remit of the finance team is expanding rapidly. And, as this research shows, CFOs are ready and willing to invest in the technology and skills required to plug those gaps and future-proof their teams," said Philippa Lawrence, chief accounting officer, Workday. "With Workday, CFOs can unlock the potential of their people, processes, and data in a single system, and our machine learning-infused applications help their teams meet the evolving requirements for data managed and controlled by finance."
For more information:
About the Survey
Workday surveyed 267 CFOs in Australia, New Zealand, Singapore, the U.S., France, Germany, and the UK, online in Sept. 2021, focused on private and public organizations with 500-5,000+ employees.
About Workday
Workday is a leading provider of enterprise cloud applications for finance and human resources, helping customers adapt and thrive in a changing world. Workday applications for financial management, human resources, planning, spend management, and analytics have been adopted by thousands of organizations around the world and across industries - from medium-sized businesses to more than 50% of the Fortune 500. For more information about Workday, visit workday.com.
Forward Looking Statements
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SOURCE Workday Inc.