Skip to footer

TCS 2021 Global Financial Leadership Study

 

Why finance must strengthen planning and analysis to support strategic leadership

7 MINS READ

You have these already downloaded

We have sent you a copy of the report to your email again.

Industry

Highlights

  • Key Findings Report - TCS 2021 Global Financial Leadership Study
  • Are you ready for the next era of finance?
  • Explore new insights on how leaders are strengthening financial planning and analysis (FP&A) to achieve sustainable growth

Insights in this article

Financial Leaders
Research
Attributes
FP&A Gaps
{'right_arrow' @ i18n}
{'right_arrow' @ i18n}

You have these already downloaded

We have sent you a copy of the report to your email again.

Go to top

We asked 750 global financial leaders from across 14 industries to share their views on these three topics:

  • What is the current state of their FP&A?
  •  What are trendsetters doing differently to secure an advantage?
  • How are they preparing to meet the finance demands of the future?

What the research found

The TCS 2021 Global Financial Leadership Study revealed four critical areas where FP&A teams can sharpen their capabilities.

  • Adaptibility
  • Critical skill
  • Risk & Control
  • Data Driven Decision Making 

Three attributes set Trendsetters apart from their peers.

  • Accelerated: They have higher FP&A maturity levels and rely more on data and analytics, and less on intuition, when planning and forecasting.
  • Agile: They can more easily adjust to swiftly changing circumstances and execute FP&A functions at speed.
  • Aspirational: They have moved beyond existing processes and are investing more in transformational FP&A capabilities.

 

Finance leaders are rapidly plugging FP&A gaps.

  • The majority of organizations are increasing their technology investments to close FP&A gapsfractions
  • Percentage planning to increase investments over the next 12 months.
During the 2020 downturn, financial planning and analysis (FP&A) took on a new level of urgency. Listen to the discussion on how new gaps and priorities have emerged for CFOs and senior finance leaders. Topics include: How the forecasting and planning environment changed as a result of COVID-19 How it might evolve over the next year or two Automation in FP&A Shifting finance skillsets

Belief in action

Addressing cryptocurrency challenges and gaps in regulatory compliance

White Paper | 26 May 2023

UKs FCA Regulation for Better Consumer Protection Standards

White Paper | 21 Apr 2023

Embracing Agile Methods to Transform the Finance Function

Solution | 31 Mar 2023

TCS Helps Westpac Simplify Its Wealth Management Business

Case Studies | 16 Mar 2023
Contact Contact