Adaptive Insights CFO Indicator Q3 2016
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The Q3 2016 report reveals that CFOs are increasingly tracking non-financial KPIs to enhance corporate performance measurement, with 76% currently tracking these metrics. The survey highlights a trend toward greater collaboration and changing data ownership, as nearly half of CFOs report misalignment on key metrics between departments. As organizations adapt, CFOs are expected to lead this transformation, reflecting a growing emphasis on non-financial indicators in financial strategies.
Adaptive Insights CFO Indicator Q3 2016
- 1. Q3 2016 Report Measuring Up: How Non-Financial KPIs Weigh in the Balance CFOs are increasingly tracking non-financial KPIs to get a more accurate measure of their current and future corporate performance.
- 2. Adaptive Insights surveyed more than 300 global CFOs to understand trends in finance for its CFO Indicator Q3 2016 report. This survey explored the tracking of non-financial KPIs and how they factor into measuring corporate performance today and into the future. The results reveal that chief financial officers (CFOs) increasingly expect to leverage non-financial KPIs, anticipate a need for more collaboration and see a shift in data ownership.
- 3. More CFOs are Tracking Non-Financial KPIs 76%of CFOs are tracking non-financial KPIs
- 4. Non-Financial KPI Tracking Is on the Rise Nearly twice as many CFOs expect to track 30% or more non-financial KPIs by 2018 2016 2018 24% 41%
- 5. How Often are KPIs Being Reviewed? Senior Management is Actively Involved in Reviewing KPIs on a Monthly Basis never daily weekly monthly annually FINANCE TEAM CFO CEO 8% 13% 21% 57% 11% 14% 29% 60% 17% 3% 9% 15% 65% 24%
- 6. Non-Financial KPIs Add Complexity Nearly 50% of CFOs report that finance and other departments are not aligned on key metrics
- 7. The Weight of Data Requires Change 12% of CFOs are managing 10+ source systems, up from just 8% in 2015
- 8. As a Result, Ownership of Data is Shifting to CFOs Who is the Chief Data Officer in Your Organization? CIO16% Other6% We have a Chief Data Officer6% CFO45% No one owns this role27%
- 9. For more insights from the Q3 2016 CFO Indicator survey, download the full report. adaptiveinsights.com/cfo-indicator-Q3-2016-measuring-up CFOs will lead the transformation as organizations embrace non-financial KPIs. Copyright 2016 Adaptive Insights. All rights reserved. The Adaptive Insights CFO Indicator reveals what is top of mind for CFOs, as well as unveils key attributes that define the strategic CFO. The Q3 2016 report surveyed 306 chief financial officers across the globe over a period of 14 days ending October 12, 2016. As this was not a probability-based sample, calculating the theoretical margin of sampling error is not applicable.