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Research
The State of FP&A 2024
Did you know 68% of your peers would already consider input from AI when making business decisions?
Get insights on data, decision-making, AI, ESG, and more from 500+ finance leaders in Pigment's annual research report.
Table of Contents
01. Research methodology
Research for this report was conducted by Pigment using an online survey among adults in the United States who are employed as in-house finance professionals with a manager title or above. All respondents were required to work at a firm with 500 employees or more with the data being collected between August 29 and September 11, 2023.
The characteristics of the respondents included:
02. Key takeways
The key takeaways we found can be broken down into four main areas. These focused on:
1. Confident decision making
2. Data and tools
89%
of finance leaders are making monthly decisions they know are based on inaccurate or incomplete data.
56%
of finance leaders have been asked to make decisions and forecast for departments over which they lack visibility.
53%
of finance leaders lack access to the right tools needed to conduct long-term growth planning.
3. Talent impact
43%
of finance leaders cannot invest in their team culture and worker happiness due to preoccupation with low-value tasks.
36%
of younger finance professionals are looking forward to AI supporting or replacing routine tasks.
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