2024 CFO Survey on Financial Challenges and Partnerships

This white paper presents the findings of the 2024 CFO Survey conducted by Consero Global in collaboration with Cascade Insights, which involved 102 CFOs from investor-backed companies in North America. The survey highlights the significant role of finance and accounting partnerships in addressing key challenges faced by CFOs, particularly in ensuring timely financial reporting and managing complex financial processes. The data reveals that 79% of CFOs engage with third-party finance partners, which correlates with improved audit readiness and financial process efficiency. The report details the primary challenges CFOs encounter, such as establishing clear financial processes and integrating finances post-M&A. It also discusses the impact of external factors like market volatility and talent shortages on financial operations. The findings underscore the advantages of leveraging finance partners, including enhanced financial reporting accuracy and the ability to navigate funding events more effectively. Overall, the paper outlines how strategic partnerships can bolster CFOs' capabilities in a dynamic financial landscape.