Menu
Kiwi CFOs positive about workplace automation

Kiwi CFOs positive about workplace automation

Research by recruiter Robert Half finds finance leaders see opportunities in automation.

Automation will boost the value of savvy finance employees, according to recruiter Robert Half

Automation will boost the value of savvy finance employees, according to recruiter Robert Half

Ninety per cent of New Zealand CFOs believe automation will have a positive impact on finance teams, enabling employees to focus on delivering better value.

New research commissioned by recruiter Robert Half shows that despite concern that workplace automation will not benefit employees, finance leaders expect it will deliver positive change to their departments.

The research shows CFOs expect new workplace technologies will lead to better decisions, higher productivity and a workforce with a richer skillset for those willing to adapt to change.

The top business advantages identified by New Zealand CFOs are better decision-making capabilities (62 per cent) and more efficiencies and productivity (59 per cent). 48 per cent of CFOs expected employees would take on more value-added work.

Meanwhile, 68 per cent of CFOs expect automation to deliver increased output from finance employees, increased focus on the execution of tasks rather than inputting data (58 per cent), and the ability to quickly learn new capabilities (46 per cent).

Positive change is on the horizon for companies who quickly adapt to change, said Megan Alexander, general manager of Robert Half New Zealand.

"Embracing and implementing new technologies, while refocusing the workforce so finance teams develop additional skills as they adapt to change, will lead to better business outcomes for New Zealand organisations," she said.

Despite the lingering perception that this transition will lead to job losses, automation also brings advantages for finance employees, Alexander added.

"Finance employees will be able to capitalise on digitisation and automation as it highlights and supports the learning of new – and more value-added – skills, thereby elevating the roles of finance employees and increasing their overall market value," she added.

With 72 per cent of CFOs saying their finance function still has a long way to go in updating its technologies and digital processes, Robert Half said it will be crucial organisations ensure they have the skills needed to unearth the expected positive impacts.

"The pressure will fall on a savvy workforce to make things happen," said Alexander.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags financeautomationskillsCFOsRobert Half

Featured

Slideshows

Leading female front runners of the Kiwi ICT industry honoured at 2019 WIICTA

Leading female front runners of the Kiwi ICT industry honoured at 2019 WIICTA

Reseller News has honoured the leading female front runners of the New Zealand ICT industry at the 2019 Women in ICT Awards (WIICTA) in Auckland. The awards recognised standout individuals across six categories, spanning Entrepreneur, Rising Star, Shining Star, Community, Technical and Achievement. Photos by Gino Demeer.

Leading female front runners of the Kiwi ICT industry honoured at 2019 WIICTA
Reseller News kicks off awards season in 2019 with Judges' Lunch

Reseller News kicks off awards season in 2019 with Judges' Lunch

The 2019 Reseller News Innovation Awards has kicked off with the Judges Lunch in Auckland with 70 judges in the voting panel. The awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors. Photos by Christine Wong.

Reseller News kicks off awards season in 2019 with Judges' Lunch
Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomed 2018 inductees - Chris Simpson, Kendra Ross and Phill Patton - to the third running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing landscape of the technology industry in New Zealand, while outlining ways to attract a new breed of players to the ecosystem. Photos by Gino Demeer.

Reseller News welcomes industry figures for 2019 Hall of Fame lunch
Show Comments