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Finance leaders cutting real estate and travel expenses, while investing in diversity and sustainability
Businesses looking beyond pre-pandemic benchmarks
CHICAGO–(BUSINESS WIRE)–
According to a recent survey by Grant Thornton LLP, most chief financial officers (CFOs) are focused on growth and turning the lessons from the pandemic into a road map for the future.
The survey reveals that many CFOs plan to cut travel and real estate expenses in the coming year and beyond. Of the 250 respondents surveyed in February 2021, 31% plan to minimize real estate and facilities expenses over the next year, while 32% plan to permanently decrease their company’s real estate footprint. Further, 45% expect a decrease in travel expenses over the next year, while 41% plan to decrease travel expenses permanently.
The survey, which is the first installment in Grant Thornton’s new quarterly CFO survey series, shows that finance leaders found unexpected upsides over the past year: More than 60% of CFOs pointed to improved flexible and remote work environments at their…
