Finance teams across EMEA in 2023 face strong external pressures, with 69% reporting challenges from inflation, economic disruption, and potential recession, while 70% feel over-reliant on IT. The top five challenges include budgetary restraints, rising prices, lack of skills, manual processes, and technology adoption. Key responsibilities remain financial planning and analysis, budgeting, forecasting, financial modeling, and tax management, with compliance demands such as BEPS Pillar Two adding complexity. Efficiency has declined globally, with steep drops in treasury, M\&A, and strategy, pushing teams to invest in training, collaboration, and automation to bridge the gap.

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