The word “resilient” has over the past 18 months been attached most often to the U.S. economy’s surprisingly strong growth. It might be time to apply the word as steadfastly to CFOs’ attitude about cost-cutting.
Finance leaders and the CEOs they report to are still wielding their scalpels—as well as blunter tools on occasion—to push back against inflationary pressures, enable growth investments and safeguard margins. A recent U.S. Bank survey of more than 2,000 finance leaders showed that driving efficiencies across their organizations was a top priority for 37% of respondents, up eight points from 2022. The only category to score higher: Cutting costs and driving efficiencies within the finance function itself.
