New research from Intertrust reveals that CFOs may in fact be underestimating investor expectations in reporting requirements, along with in-house and outsourcing investment.
Intertrust Group’s most recent report, The future private capital CFO: Unleashing potential in the ESG era, found that more than 40% of private capital investors are looking for live updates on portfolio performance, while around 55% will be looking for either live or daily updates on ESG performance – 10% higher than anticipated by CFOs.
In order to meet the need for frequent and reliable data in the years to come, CFOs and investors agree that further investment in technology is the best approach. When considering the next three years, almost three quarters (71%) of CFO respondents expected to expand the skill sets of their in-house finance team by hiring candidates with technological expertise.
However, CFOs also acknowledge that there is a need for outsourcing when it comes to enhanced technology, as they look to complement the skill sets of their in-house finance team by seeking outsourced expertise into technology (60%).
Almost one third (32%) of private capital investors would like to see their fund CFOs outsource more, and a further 31% want to see their fund CFOs retain their existing balance of outsourcing – acknowledging that outsourcing is hugely beneficial.
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