The future of Planning, Budgeting, Forecasting, and Reporting: FSN’s 2022 Global Survey
In the wake of a global pandemic, the importance of budgeting, planning, and forecasting in business has never been more heightened. As finance executives turn from a state of reactivity to proactivity, many are wondering, what does the future of budgeting and planning hold?
In FSN’s global 2022 survey, sponsored by CCH Tagetik, senior finance professionals from 450 companies shed light on how they expect budgeting, forecasting, and reporting will develop by the end of the decade.
This report is a valuable benchmark for CFOs and finance professionals pondering the state of the financial processes they rely on, if they’re enough, and what they should prioritize on the transformation agenda.
- Automation is priority one for transformation, with 79% of financial executives moving to increase automation
- The use of CPM software is expected to double by the end of the decade
- The vast majority of finance executives believe AI and machine learning will become commonplace by 2030