As the world changed in the face of the COVID-19 pandemic, it became abundantly clear that planning, budgeting, forecasting and reporting are vital and underinvested.
With this in mind, the Modern Finance Forum conducted a survey of 450 companies around the globe to learn how organizations are planning to develop their core financial processes by 2030.
In this report, Future of Planning, Budgeting, Forecasting and Reporting, Gary Simon, CEO of FSN and Leader of the Modern Finance Forum, discusses the findings from the survey, which include:
- AI is predicted to be the norm by 2030
- Best of breed software for budgeting, planning and forecasting is expected to double by the end of the decade
- Technology alone will not drive change