From Yahoo Finance: 2025-05-05 10:35:00

CFOs are under increasing pressure due to inflation, technology challenges, and volatility. This has led to a high turnover rate in the role, as finance talent supply shrinks. CFOs now face a broader range of responsibilities, including responding to market shifts, which could contribute to burnout.

Efficiency and cost reduction are key priorities for finance chiefs, who are struggling with outdated technologies that don’t support their expanding needs. New technology could help CFOs handle their workload and attract top talent, as the finance function faces challenges with recruitment and retention due to inadequate tools and work-life balance concerns.

To address inadequate technology, CFOs could streamline their tool usage to create a more unified decision-making process. Utilizing emerging tools like AI could also improve efficiency and automate manual tasks, though CFOs must prioritize data governance and security to ensure trust in these technologies. Finance chiefs are still cautious about AI’s potential risks despite its benefits in generating insights and streamlining processes.

Read more: Facing burnout, CFOs must hone in on tech