Trends

Outdated HCM Technology Can Increase Risk

Part of a series  |  CFO Insights Series

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Keeping up with technology changes is crucial for finance leaders and also helps support their organizations' future success.

Chief financial offiers (CFOs) and their teams are increasingly expected to have a hand in strategic and long-term decisions for their firms. However, outdated technology makes it difficult to gather the proper insights needed to make informed decisions. It can also increase the risk of errors and inconsistencies due to manual processes.

The infographic below illustrates how finance leaders are responding to change and staying ahead of the curve.

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Statistics from
March 2023, CFO Dive/ADP "How Are CFOs & Finance Teams Tackling Today's Challenges Through Technology?"