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Revenue Spotlight - TCS 2021 Global Financial Leadership Study

ESTIMATED READING TIME: 5 minutes

Revenue Spotlight: Large vs mid-size companies

Our study findings show most finance leaders are anticipating their FP&A teams will play a key role in driving recovery and supporting sustainable growth in the post-pandemic era. Are they ready for the challenge?

In this article, you’ll uncover unique insights about how finance leaders at large enterprises (firms with revenues of $10 billion+) compare to mid-sized companies (those with $5 billion–$9.99 billion of revenues in 2019, the year before the crisis).

TCS surveyed 750 global financial leaders across the 9 countries.


Specifically, we asked about their:

  • Current FP&A strengths and weaknesses
  • Priorities for investment and improvement

Essential takeaways

The largest organizations have made more significant investments in new skills and competencies in their FP&A teams.

  • In the past year, 70% of large enterprises have invested in data and analytics, while only 58% of mid-sized companies say the same
  • 65% invested in advanced FP&A technology capabilities, like AI and machine learning, compared to 47% of mid-sized companies

The danger for mid-sized businesses is that their larger rivals may be moving ahead more quickly:

  • 65% of the large enterprises we surveyed are confident that they are able to deliver short-term forecasts, compared with 45% of mid-sized companies
  • 73% of large enterprises surveyed are able to develop integrated plans and forecasts, compared with 61% of mid-sized companies

 

Infographics

Financial planning and analysis (FP&A) teams have a key role in post pandemic recovery. But are they ready for the challenge?

FP&A teams are successfully forging ahead in the post-pandemic world. But there’s still work to do.

Trendsetters have higher FP&A maturity levels and rely more on data and analytics, and less on intuition, when planning and forecasting.

Finance executives revealed what they consider their biggest gaps in FP&A capabilities.

View Key Findings
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