Top 4 challenges for government finance leaders

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Find out how finance teams can address the four key issues for local governments today. The public sector faces new challenges in transparency, transformation, technology and talent. Strong financial leadership is vital. cgma.org/FourTs

Economy & Finance

111
Top four
challenges for
government
finance leaders
And how to address them

222
The workforce is becoming more
mobile, agile, and open.The workforce is becoming
more mobile, agile, and open.
Doing more with less
is the new norm for the
public sector.
Finance teams have a
crucial role to play.

333
The workforce is becoming more
mobile, agile, and open.The workforce is becoming
more mobile, agile, and open.
Global CGMA research
has identified four
critical areas local
governments must
address.

444
The workforce is becoming more
mobile, agile, and open.The workforce is becoming
more mobile, agile, and open.
And explores how
finance teams must
adapt…

555
1. Transformation
Transformation is widespread.
90% of local governments are
transforming.

666
There is a clear role for the finance
function in overcoming the top
challenges of transformation.
The top 5 challenges of transformation:

777
Finance must provide
the right information
to improve decision
making around the
transformation of
service delivery.

888
2. Technology
89% of local government leaders agree
technology is critical to transformation.
But data management is a key challenge.

999
Finance must calculate
cost and value
benefits and provide
data to support the right
investment decisions.

101010
3. Transparency
92% of local governments are
increasing transparency over the next
3 years.

111111
These are the five key benefits of
transparency they identified:

121212
To harness these
benefits, finance must
identify the right
metrics, ensuring that
their measurement is
both consistent and
timely.

131313
Finally, to address the first three
challenges, you need the right talent.
4. Talent

141414
So developing talent
management
strategies and
understanding skill
shortages is vital.

151515
Read the CGMA report to find out more
Transformation and transparency:
managing local government performance

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