CFOs and Finance Teams in Australia Embrace AI

This report presents findings from Protiviti's Global Finance Trends Survey, focusing on the responses of CFOs and finance leaders in Australia amid ongoing economic uncertainty. The survey indicates that CFOs are increasingly investing in talent, technology, and processes to enhance their forecasting capabilities and strategic planning. A significant majority of finance organizations are now utilizing AI technologies for financial forecasting, process automation, and scenario planning. The report highlights that security and privacy of data is the top priority for these leaders, reflecting concerns over the implications of AI usage. Furthermore, the findings reveal that 87% of CFOs express confidence in their organizations' ability to navigate current economic challenges. The report also outlines the impact of tariffs on financial forecasting and profitability, emphasizing the need for precise analytical tools and trust in data. Overall, CFOs are refining their financial planning and analysis capabilities to drive better business decisions and improve organizational resilience.