The CFO Pulse Survey offers insights into the ongoing talent shortage
AUSTIN, TX, August 6, 2024–(BUSINESS WIRE)–Personiv, a leading provider of finance and accounting outsourcing solutions, today released a new CFO Pulse report that highlights the worsening accounting talent shortage, with 83% of senior executives admitting to a shortage versus 70% instead of 2022 The 2024 study offers insights and explores strategies to mitigate talent shortages and achieve efficiencies, cost savings and business focus.
CFOs face more challenges than ever, from cybersecurity risks to global supply chain management. Struggling with unfilled roles and a shortage of skilled accountants can disrupt business processes, leading to increased workloads on existing staff, delays in financial reporting, increased risk of errors and employee burnout.
The main findings of the report include:
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Cautious AI adoption. While AI offers potential, finance and accounting executives are cautious about its implementation, emphasizing a mix of human experience and technology as the optimal solution.
“The shortage of accounting talent is real and companies are undoubtedly looking for new ways to support and expand their teams. Understanding and exploring all options for filling the roles without distracting from the larger goals is important,” said Matt Wood, Head of Finance and Global. Accounting outsourcing at Personiv.
Click here to download the full report. More in-depth analysis of the report and practical insights into practical automation and outsourcing solutions will be shared in a webinar hosted by the CFO Leadership Council and sponsored by Personiv on September 18, 2024.
Participant in the CFO Pulse Surveys: The survey polled 278 US finance and accounting leaders from more than 20 industries, including advertising, agriculture, finance and technology. Respondents represented companies of various sizes, with significant input from decision makers directly involved in hiring.
About Personiv
With over 35 years of experience, Personiv creates customized, virtual accounting solutions that deliver up to 50% cost savings. Our GAAP-compliant talent and statewide client relationships ensure quality, consistency and results. Contact us today to learn how Personiv helps CFOs solve their talent challenges without compromising quality.
Personiv is a division of eClerx (ECLERX:IN).
View the source version at businesswire.com. https://www.businesswire.com/news/home/20240806950872/hy/
Contacts:
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Mimi Torrington
VP, Marketing, Personiv
[email protected]