When managed effectively and with involvement from CFOs, transformation efforts can equip companies with the capabilities and performance gains they need, especially during periods of uncertainty.1 Our latest CFO pulse survey finds that amid macroeconomic shifts and a range of other challenges, CFOs are spending more time on organizational transformations to help their companies compete. These transformations include any strategic, holistic, and continuous efforts to significantly change performance, capabilities, or organizational culture.2 When we ask CFOs about the areas in which they have spent the most time over the past year, the largest share of respondents—52 percent—point to transformations, either within the finance organization or focused on the broader organization. The survey results suggest that how CFOs invest their time in transformations matters.
