Underinvestment might put businesses at risk
Here’s how finance leaders (CFOs and chief accounting officers) responded to Grant Thornton’s Enterprise Resilience Survey.
of finance leaders say their organizations are “very resilient” or “world-class resilient.”
of other business leaders say their enterprises boast these high levels of resilience.
The discrepancy might reflect CFOs’ direct line of sight into financial exposure and risk visibility. Finance leaders also tend to have a more sober view of their organizations’ enterprise resilience spending.
Resilience investments are lagging
How would you describe your budget allocation for resilience initiatives?
Underinvested:
of finance leaders
of other business leaders
Finance leaders are more likely than their counterparts to say their organization isn’t spending enough on resilience. Nonetheless, resilience buffers have been a lower priority for CFOs and CAOs when making automation investments:
The resilience spending and prioritization gap demonstrates a strong need for leadership alignment between finance leaders and their peers.
Alignment is lacking on AI’s resilience potential
Here's who said, “We’re unsure how to use AI to build enterprise resilience” or “AI isn’t part of our resilience strategy:”
of finance leaders
of other business leaders
Are you on the same page with the rest of the C-suite regarding AI’s role in resilience? If not, formal training, or standing up a cross-functional resilience committee, could help facilitate a shared vision.
Resilience priorities center on the workforce
Finance leaders are strong advocates of strengthening the workforce for resilience amid a race to acquire and train talent to manage the new tech-enabled AI landscape.
Cross-functional resilience is on tap
Room for improvement
Our survey shows that resilience automation is not a top priority for many finance leaders, despite their awareness that resilience needs more emphasis and increased funding. CFOs know that short-term resilience frugality can lead to long-term crisis spending with serious consequences.
In today’s business environment, finance leaders can bolster resilience by:
Governing resilience cross-functionally
Investing in resilience buffers
