Controllership industry trends

Explore current trends in controllership

Data utilization, artificial intelligence (AI) and GenAI, regulatory compliance, digital finance transformation, the role of the controller—these trends within financial controllership offer industry specific differences and similarities, and industry focused challenges and strategies.

• Similarities in industries include role expansion--the role of controllers is expanding beyond traditional financial stewardship to include strategic decision-making and business partnering across and data utilization—where leveraging data for better decision-making and personalized customer experiences is a common theme.
• Differences across industries include technology implementation--the type of technology and tools recommended vary depending on the industry requirements. For example, TMT is focusing more on GenAI while Industrial Products & Construction (IP&C) industry is leveraging metaverse-related technologies. Market dynamics also varies. The Healthcare industry is under pressure from evolving standards and cost structures, whereas the TMT sector is experiencing a surge in M&A activity.
• Each industry faces unique challenges-> For example, the Power, Utilities, and Renewables (PU&R) sector is dealing with unprecedented electricity demand, while the Retail Consumer Products (RCP) industry is navigating inflation and changing consumer behaviors.
• Strategies are also specific to industries and sectors-> For example, PU&R emphasizes capital accounting policies and regulatory performance, while Healthcare focuses on alternative service delivery models and operational excellence.