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Grant Thornton survey: Finance leaders make a push for growth

Retrieved on: 
Tuesday, July 25, 2023
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Because finance leaders are pushing hard for revenue growth in an environment where discretionary spending is tight, they are increasingly focused on cost optimization.

Key Points: 
  • Because finance leaders are pushing hard for revenue growth in an environment where discretionary spending is tight, they are increasingly focused on cost optimization.
  • “Companies are laser-focused on topline sales growth while at the same time reducing costs unless those costs are sales or marketing related,” said Sean Denham , regional managing partner of the Atlantic Coast at Grant Thornton.
  • More than two-thirds (68%) of respondents said they expect revenue growth at their organizations over the next 12 months.
  • “It’s a different environment than it was in the past,” said Margaret Belden, People & Organization director at Grant Thornton.

Survey: CFOs seen transitioning from crisis management to growth

Retrieved on: 
Tuesday, March 30, 2021
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The survey reveals that many CFOs plan to cut travel and real estate expenses in the coming year and beyond.

Key Points: 
  • The survey reveals that many CFOs plan to cut travel and real estate expenses in the coming year and beyond.
  • A year ago, CFOs were scrambling just to survive, but sometimes a crisis can accelerate positive change, said Chris Schenkenberg, Regional Tax Business Lines national managing partner at Grant Thornton.
  • Just over half (56%) of CFOs said they plan to use software solutions to track ESG investment.
  • Denham sums it all up this way: For CFOs, 2021 could be a transformational year one where the finance function transitions from crisis management to growth.