INTHEBLACK March 2025 - Magazine - Page 10
FAS T F O C U S
Top 5 priorities for CFOs in 2025
The 2025 Gartner Finance Executive Priorities Survey asked more than 250 CFOs to rank the importance
of 18 finance priorities. Five priorities have emerged from their survey responses:
1. DATA, METRICS AND ANALYTICS
35 per cent of CFOs say data quality is a key inhibitor for low
AI adoption in finance.
2. EFFICIENT GROWTH
Only 5 per cent of organisations achieve ‘efficient growth’ status
across different phases of the business cycle.
3. AI ADOPTION IN FINANCE
58 per cent of finance functions at least piloted AI tools in 2024,
compared to 37 per cent the year prior.
4. TIME ALLOCATION AND LEADERSHIP CAPACITY
More than 70 per cent of CFOs now hold responsibilities
beyond finance.
5. SOURCE AND RETAIN DIGITAL TALENT
77 per cent of CFOs say a lack of technical skills within finance
is a key reason their function has not adopted AI.
Read the survey
Asia Pacific home to
wealth transfer boom
Accountants specialising in family offices
in Asia Pacific may be about to get a little
busier. Hong Kong and Singapore have long
been the hubs for these entities in Asia Pacific,
but research from McKinsey estimates the
number has quadrupled since 2020 to
approximately 4000 across both jurisdictions.
Its analysis also shows that
ultra-high-net-worth (having personal
financial assets of more than US$50 million)
and high-net-worth (having personal financial
assets of between US$1 million and
US$50 million) families in Asia Pacific are
set to experience an intergenerational wealth
transfer of about US$5.8 trillion.
Ultra-high-net-worth families are expected
to account for about 60 per cent of the total
wealth transfer and many are establishing
family offices to facilitate the process.
Read the survey
10 INTHEBLACK March 2025
