The 2023 Finance Team Trends Report shows that optimism has shifted to pragmatism as finance teams face inflation, economic disruption, and recession risks, with 70% of respondents citing these as key pressures. Top challenges include budgetary restraints (32%), rising prices (29%), lack of skills (27%), manual processes (24%), and data inaccuracies (24%). Satisfaction with IT partnerships dropped from 54% to 28%, with 66% feeling over-reliant on IT. Responsibilities like budgeting, forecasting, and long-term strategy grew, yet efficiency fell across all areas, especially treasury and M\&A. To bridge gaps, organizations are cutting costs, reducing budgets, and turning to automation tools to boost efficiency and ease skills shortages.

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