TCS 2021 Global Financial Leadership Study

Industry

Banking

Highlights

Europe & UK Finance Leaders: Preparing for the Next Era in FP&A
Our study findings show finance leaders in Europe and the UK 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 large enterprise finance leaders in the Netherlands, Germany, Switzerland and the UK compare to other regions.

Insights in this article

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

Some FP&A teams in Europe and the UK are in a stronger position than others, but many organizations have clear capability shortfalls that are holding them back.

60% of FP&A teams in Europe & UK say they regularly fail to develop aligned and robust budgets
57% worry about their ability to scenario-plan
57% say they are unable to reallocate resources as the business’s demands change without significant errors.

FP&A functions

Europe & UK finance teams are heeding the call and prioritizing investments to modernize FP&A functions

54% of Europe & UK FP&A teams overall anticipate additional investment in AI and machine learning in the next year

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.

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TCS works hand in hand with world-leading investors.

TCS is here to make a difference through technology.

We’re in it for good, driving positive change for the benefit of all.

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

Find the latest news about TCS in our Newsroom

Recent Press releases

Recent News

Recent recognitions

TCS works hand in hand with world-leading investors.

Why finance must strengthen planning and analysis to support strategic leadership

Industry

Highlights

Insights in this article

TCS surveyed 750 global financial leaders across the 9 countries.

Essential takeaways

FP&A functions

Infographics

TCS is here to make a difference through technology.

We’re in it for good, driving positive change for the benefit of all.

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

Find the latest news about TCS in our Newsroom

Recent Press releases

Recent News

Recent recognitions

TCS works hand in hand with world-leading investors.

Industry

Highlights

Insights in this article

TCS surveyed 750 global financial leaders across the 9 countries.

Essential takeaways

FP&A functions

Infographics

Belief in action

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