CFO Survey Romania 2018
Enjoy the positive economic indicators
On the background of a falling unemployment and highest GDP growth in Central and Eastern Europe, Romanian CFOs enjoy the positive economic indicators yet they focus more on consolidation rather than on expansion of their businesses, according to the ninth edition of the Deloitte CFO Survey collecting the input of some of the largest players in the Romanian economy.
Find out what are the views of the Romanian CFOs on economic outlook, business environment, company's growth and digitalization.
Key findings of the Romanian CFO Survey 2018
- 66% of CFOs believe GDP will continue to grow in 2018
- 91% of CFOs believe that inflation will increase in 2018 which is expected to rise in interest rates and problems with financing their business
- 59% of CFOs consider unstable economic and tax law the greatest risk to businesses in 2018
- 90% of CFOs believe that workforce costs will increase
- 85% of CFOs believe that this is not a good time to take greater risk onto their company’s balance sheets
- 90% of CFOs expect at least the same level of M&A activity in 2018
- 48% of CFOs currently see internal financing as the most attractive source of funding, 36% - bank borrowing and only 27% - EU funds
- 34% of CFOs expect operating margins to increase in the next 12 months, while 37% expect to remain the same
- 68% of the CFOs are actively involved in their companies’ digitalisation strategy
- 49% of CFOs believe the finance function is well or very well prepared for their company’s increasing digitalization
- 66% of CFOs believe that finance functions should have process automation knowledge in order to meet the demands of digitalization
- Only 10% of CFOs think their companies are advanced in robotic process automation (RPA)
- 37% of CFOs expect 10%-40% cost savings as a result of RPA, while 35% are expect below 10% cost savings.