2018 AFP Risk Survey Report
Finance and treasury professionals are looking to adopt technologies such as AI, blockchain and robotic process automation, but few are prepared for the new business risks that may be associated with these technologies – especially cyber, business operations, and regulatory risks.
This finding from the 2018 AFP Risk Survey highlights the challenges facing finance and treasury professionals as they help their organizations navigate the deep disruption occurring across all economic sectors. Strategic risks such as competitor and industry disruption and technological risks are the top risks today and over the next three years, according to the survey findings.
As the risk landscape becomes increasingly complex and interconnected, risks and their impacts are harder to forecast. To increase the efficiency of financial analysis and management in a rapidly changing business environment, finance and treasury professionals are turning to solutions provided by new technologies. But questions about these technologies continue.
Ultimately, finance and treasury professionals must understand both the new technologies and the implications for their organizations.
The 2018 AFP Risk Survey presented in partnership with Marsh & McLennan Companies’ Global Risk Center captures the views of senior finance and treasury professionals on the greatest threats to their function and organizations over the next 18-36 months. The data provides a valuable benchmark against which organizations can measure themselves to begin to answer some of these questions.