CFO Slice

The fourth annual U.S. Bank CFO Insights Report has found that U.S. corporate finance leaders are increasing their focus on cutting costs to prepare for potential economic and geopolitical uncertainty. The top priorities identified in the survey of over 2,000 senior finance leaders nationwide are cutting costs within the finance function and across the entire business. Driving revenue growth is a lower priority. The report also highlights the increasing importance of improving risk identification and mitigation. Geopolitical tension has jumped in ranking as a top risk, while high inflation is cited less often. Finance leaders are prioritizing technology investments and AI to achieve cost cuts and efficiencies. Despite the challenging operating environment, a significant percentage of finance leaders remain optimistic about their business's financial outlook. The report emphasizes the challenges faced by CFOs in the current circumstances and their focus on cost cuts and risk management while not neglecting investment priorities.