Home Investments Global CFO Survey 2022: Organizations are Moving Beyond Transactional Processes to Focus on Transforming Judgment-Intensive Activities

Global CFO Survey 2022: Organizations are Moving Beyond Transactional Processes to Focus on Transforming Judgment-Intensive Activities

by Ozva Admin

NEW YORK & LONDON & MUMBAI, India–(COMMERCIAL WIRE)–WNS (Holdings) Limited (NYSE: WNS), a leading provider of global business process management (BPM) solutions, today announced the launch of 2022 Global CFO Survey Report titled “Separating talk from reality” by Everest Group, with the support of WNS. The survey surveyed 300 CFOs and their direct reports from large global companies across eight different industries to assess how CFO roles and business imperatives have evolved since the previous study conducted in 2020. The survey also highlights differences between aspirational topics. and current initiatives. taking place across the global Finance and Accounting (F&A) landscape.

In 2020, the study concluded that the COVID-19 pandemic had created a need to accelerate transformation processes to create future-ready companies. Major organizational 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 shortages” have come to the fore as a result of the current macroeconomic environment. Today, 68% of organizations are adopting a cloud infrastructure, while 61% are re-evaluating compliance, controls, and policies to make the M&A function more agile and resilient in responding to these challenges. .

The learnings from the COVID-19 pandemic have substantially increased organizations’ appetite for investment in building a future-ready M&A function. Close to 70% of organizations surveyed in 2022 indicated the ability to invest, compared to less than 50% two years ago. Additionally, more than 70% of CFOs now recognize the need to leverage digital technologies to improve efficiency, effectiveness, and the stakeholder experience as their top priority.

“CFOs’ top priorities, which include driving agility and resiliency, and building a future-ready finance function, are now becoming imminent reality. However, these leaders must take a comprehensive approach to transformation to drive business growth, optimize the stakeholder experience and scale long-term business initiatives,” said Keshav R. Murugesh, Group CEO, WNS .

Download the full report here.

About WNS

WNS (Holdings) Limited (NYSE: WNS) is a leading business process management (BPM) company. WNS combines deep industry knowledge with technology, analytics, and process expertise to co-create innovative, digitally-led transformation solutions with more than 400 clients across diverse industries. WNS offers a full spectrum of BPM solutions including industry-specific offerings, customer experience services, finance and accounting, human resources, procurement, and research and analysis to reimagine the digital future of business. As of June 30, 2022, WNS had 55,146 professionals in 53 delivery centers worldwide, including facilities in China, Costa Rica, India, the Philippines, Poland, Romania, South Africa, Spain, Sri Lanka, Turkey, the United Kingdom and the United States. state

For more information visit www.wns.com or follow us on Facebook, Twitter, LinkedInY Instagram.

Safe Harbor Provision

This document includes information that may constitute forward-looking statements made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which is necessarily subject to risks, uncertainties and assumptions about future events. Factors that could cause actual results to differ materially from those expressed or implied are discussed in our most recent Form 20-F and other Securities and Exchange Commission filings. WNS undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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